FIDEICOMMISSARY Meaning and
Definition
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A fideicommissary, also known as an heir apparent or beneficiary, is an individual who is designated to receive and inherit assets or property through a fideicommissum, a legal arrangement established in certain jurisdictions. The term "fideicommissary" typically refers to a person who is entitled to a specific portion or share of the estate or assets in accordance with the will, trust, or estate plan of the deceased testator.
In this context, a fideicommissary is distinct from the executor or administrator of an estate, as their role primarily revolves around administering and distributing the assets according to the wishes of the testator. The fideicommissary, on the other hand, is the ultimate recipient of the inheritance.
The designation of a fideicommissary is often contingent upon certain prerequisites or conditions set forth by the testator. These conditions may include age restrictions, the occurrence of a specific event, or the fulfillment of certain obligations. The purpose behind such conditions is to ensure that the inheritance remains within the intended lineage or descendants of the testator, providing some measure of control over how the assets are passed on.
Overall, a fideicommissary is an individual who is chosen and designated to be a primary beneficiary or heir under a fideicommissum, a testamentary provision or trust arrangement that determines how assets are passed down to future generations.
Common Misspellings for FIDEICOMMISSARY
- dideicommissary
- cideicommissary
- videicommissary
- gideicommissary
- tideicommissary
- rideicommissary
- fudeicommissary
- fjdeicommissary
- fkdeicommissary
- fodeicommissary
- f9deicommissary
- f8deicommissary
- fiseicommissary
- fixeicommissary
- ficeicommissary
- fifeicommissary
- fireicommissary
- fieeicommissary
- fidwicommissary
- fidsicommissary
Etymology of FIDEICOMMISSARY
The word "fideicommissary" has its roots in Latin. It is derived from two Latin words: "fideicommissum" and "arius".
The word "fideicommissum" comes from "fidere", meaning "to trust", and "commissum", which means "something entrusted". In Roman law, "fideicommissum" referred to a legal arrangement where a person entrusted their property to another person for specific purposes, often with the condition that it would be passed on to a designated beneficiary.
The suffix "arius" is commonly used in Latin to form adjectives, and when added to "fideicommissum", it forms "fideicommissarius", meaning "pertaining to a fideicommissum".
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