ABSTRACT
In former times, where a person owned considerable land in England, methods for the provision for his family out of the estate’s income might have been considered. It was also a matter of pride to keep the land within the family. These were the main reasons for the creation of family settlements. A settlement is a legal instrument by which land or other property is limited in trust for a number of persons successively. Settlements fall into two classes: (a) strict settlements; and (b) settlements by way of trust for sale.
