Cestui Que Vie Trust : Canon 1283 A Cestui Que Vie Trust is a fictional concept, first created during the reign of Charles II of England through the Cestui Que Vie Act of 1666 wherein an Estate may be effected for the Benefit of a Person presumed lost or abandoned at “sea” and therefore assumed “dead” after seven (7) years. Additional presumptions by which such a Trust may be formed were added in later statutes to include bankrupts, minors, incompetents, mortgages and private companies. Hence, a Cestui Que Vie Trust is a Temporary Testamentary Trust.

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Article 100-Cestui Que Vie Trust :

Canon 1283 

A Cestui Que Vie Trust is a fictional concept, first created during the reign of Charles II of England through the Cestui Que Vie Act of 1666 wherein an Estate may be effected for the Benefit of a Person presumed lost or abandoned at “sea” and therefore assumed “dead” after seven (7) years. 

Additional presumptions by which such a Trust may be formed were added in later statutes to include bankrupts, minors, incompetents, mortgages and private companies. 

Hence, a Cestui Que Vie Trust is a Temporary Testamentary Trust.



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