Cryptic crossword clue
Fancy President will squash this law 2,4

The most common and most likely answer to this crossword clue is the 2 plus 4 letter word CY PRES

I've seen this crossword clue in Independent
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The straight part
We know that "law" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case law = cy pres.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does CY PRES mean?

CY PRES noun
  1. In the law governing charitable trusts, the doctrine that a court may direct the funds of the trust to a best alternative, to be chosen when the original beneficiary is no longer a choice.

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