Conventional but bare trusts: limitations
If a gift is limited in any way, for example a will provides for property to go `to mywife during widowhood’, this makes it settled property.
The same is true if there is a condition subsequent, that is a condition upon thefulfilment of which the property goes to someone else: for example a will provides forproperty to go to K `unless he becomes a solicitor’.
In both cases the gift may be described as `vested but liable to be divested’. Theproperty is settled because the interest is not absolute.