strict settlement

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A trust conferring beneficial interests in land that render it settled land, governed by the Settled Land Act 1925. Generally the purpose of a strict settlement is to create successive interests that will keep the land in the settlor's family. The usual form of marriage settlement gave a life interest to the husband with remainder (after provisions for the wife during widowhood and for younger children of the marriage) to the first and other sons in tail, a further remainder to any daughters as tenants in common in tail, and a final remainder to the husband in fee simple. The beneficiaries under a strict settlement have equitable interests in the land. Since 1997, such settlements exist as a trust of land.

Subjects: History of Law.

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