The Different Types of Trust | Equity & Trusts

Описание: Subscribe to my personal channel for videos on how to study law effectively & efficiently:    / @heygarethevans   A trust is an express trust where the settlor has expressed his intention to form a trust. Although there is no requirement to use any particular form of words, the intention must be clear.

A constructive trust is a trust implied by law, when the circumstances are such that the conscience of the legal owner should be engaged. This may be, for example, where money is paid by mistake: the person who has the money will hold it on trust for the person who paid it.

A resulting trust may arise in two circumstances
1) Where a settlor has transferred property on an express trust but the trust fails, the objects are never determined or there is a surplus which cannot be used for the objects. In this case, the trustees will hold the property on resulting trust for the settlor.
2) The other circumstance is where a person transfers property other than for value. In this case, it is presumed that the property is held on a resulting trust for the transferor of the property.

If you have any questions drop me a message below 👍🏻

-------------------------------

Hey! If you’re new to the channel… my name is Gareth Evans

I am the owner of Digestible Notes, a website created to make learning fun and easy to understand. Our ultimate goal is to make education accessible to everyone and centralise the internet's vast sea of information.

I want to show you that anyone can achieve their learning goals and live their dream life.

Read from our website: https://digestiblenotes.com

-------------------------------

SEE MY VIDEO ON THE MODERN TRUST ➡️
   • The Modern Trust | Equity & Trusts  

If you liked this video you may like my website post on 'The Trust': https://digestiblenotes.com/law/trust...