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The Settlor

Beschreibung

(Equity and Trusts) Mindmap am The Settlor, erstellt von scott.james.smit am 16/04/2013.
scott.james.smit
Mindmap von scott.james.smit, aktualisiert more than 1 year ago
scott.james.smit
Erstellt von scott.james.smit vor fast 12 Jahre
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Zusammenfassung der Ressource

The Settlor
  1. contract or simple giving
    1. two reasons for a trust
      1. 1) Created out of intention to make a gift to someone
        1. 2) trusts created out of a longer transaction
          1. investment purposes: pensions etc
      2. irrevocability of trusts
        1. Paul v Paul
          1. exception where trust contains an express clause
        2. constituting the trust
          1. Settlor must vest legal title in trustee
            1. LPA 1925 s53(1)(b) declaration of trust must be signed in writing
            2. Milroy v Lord: Failed gift cannot amount to a trust
              1. Re Rose: There will be a constructive trust where the settlor has done everything he needs to do to constitute the trust
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