SPES RECUPERANDI

Lat. The hope of recovery or recapture; the chance of retaking property captured at sea, which prevents the captors from acquiring complete ownership of the property until they have definitely precluded it by effectual measures. 1 Kent, Comm. 101. … [Read more...] about SPES RECUPERANDI

Lat. Hope of surviving. 3 Atk. 762 ; 2 Kent, Comm. 424. Spos est Tigilantis somninm. Hope is the dream of the vigilant 4 Inst. 203. Spes impnnitatis continnnm affectum tribuit delinquendi. The hope of impunity holds out a continual temptation to crime. 3 Inst 236. … [Read more...] about SPES ACCRESCENDI

That of which there is hope. Thus a debt which one may hope to recover may be called "sperate," in opposition to "desperate." See 1 Chit. Pr. 520. … [Read more...] about SPERATE

That of which there is hope. 2. In the accounts of an executor and the inventory of the personal assets, he should distinguish between those assets which are separate, and those which are desperate; he will be prima facie responsible for the former, and discharged for the latter. … [Read more...] about SPERAT

A trust created for a beneficiary that the grantor believes to be financially irresponsible. A trustee controls the trust income and provides money to the beneficiary on an as needed or instructed basis. The trusts may also contain provisions where creditors cannot seize the trust to satisfy debts of the beneficiary and, in most states, they are legal. … [Read more...] about SPENDTHRIFT TRUST