reversionary

Justice Department lawyers are asking that some of the award be placed in a “reversionary trust” that would would return to the government if the girl does not need it.

The government is asking that some of it be placed in a “reversionary trust” that would ensure that, should SLP die or not need the funds, the money would go back to the government.

The other 75% would be allocated to a “reversionary fund” for the benefit of insurance companies, who could be on the hook for damage payments in future litigation.

The presbytery now is working with the family to resolve the issue of the reversionary clause and chart a course for the property’s future.

And he thinks he has a kind of reversionary interest in the property!