Resulting trusts - PowerPoint PPT Presentation

TRUSTS: CREATION, TYPES, AND CHARACTERISTICS

TRUSTS: CREATION, TYPES, AND CHARACTERISTICS. Definition of a Trust. A trust is a legal device that separates the benefits of property ownership from the burdens of property ownership. Basic Paradigm of a Trust. Trustee. A Life Estate. B Remainder. Trust as Gift. Intent Delivery

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The common law of trusts

The common law of trusts. Ownership and obligation Lionel Smith 22 March 2011. A bill of 1457.

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Resulting Trusts

Resulting Trusts. Basic Concepts. Implied by conduct (rather than words). Who benefits? Settlor, or If settlor is dead, settlor’s successors in interest Not governed by Trust Code as not a real trust. Situations where resulting trusts arise.

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217 views • 5 slides

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