Business, Legal & Accounting Glossary
adj. referring to a wish or advisory suggestion which does not have the force of a demand or a request which under the law must be obeyed.
Thus “precatory words” in a will or trust would express a “hope that my daughter will keep the house in the family,” but do not absolutely prevent her from selling it.
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This glossary post was last updated: 30th April, 2020 | 0 Views.