It is the end of the Papal Rule. While Pope Boniface VIII was the first leader in history to create the concept of a Trust, the first Testamentary Trust through a deed and created a Deceased Estate was not until Pope Nicholas V in 1455 through the Papal Bull Romanus Pontifex. This is only one of three (3) papal bulls to include the line with the incipit “For a perpetual remembrance.” This Bull had the effect of conveying the right of use of the land, as Real Property.
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CESTUI QUE VIE
A Cestui Que Vie Trust, also known by several other pseudonyms such as “Term of Life or Years” or “Pur Autre Vie” or “Fide Commissary Trust” or “Foreign Situs Trust” or “Secret Trust” is a pseudo form of trust first formed in the 16th Century.
CESTUI QUE VIE ((Simply Put)
CESTUI QUE VIE. He for whose life land is holden by another person; the latter is called tenant per auter vie, or tenant for another’s life. Vide Dane’s Ab. Index, h.t.
(A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.)
1. the person whose life measures the duration of an estate
2. the person on whose life an insurance policy is written
Origin of CESTUI QUE VIE
Anglo-French, literally, he for whose lifetime (something is held)