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Trusts Exam and Unit Notes

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Covers ALL topics in Trusts - very comprehensive Including cases, legislation and other supporting documentation.

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27 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Equity Law Private law Property law English trusts law Inheritance United States law Settlor Trust law Hague Trust Convention Discretionary trust Secret trusts in English law
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Equity Law Private law Property law English trusts law Inheritance United States law Settlor Trust law Hague Trust Convention Discretionary trust Secret trusts in English law
Sample Text:
Trusts can be created either expressly (express trusts) or through the operation of law (implied trust – resulting trust, constructive trust). • How is a trust created: o Inter vivos or Living Trust - a written trust instrument created by the settlor and signed by both the settlor and the trustees o An oral declaration o The will of a descendant (testamentary trust) o Court order TYPES OF TRUSTS • Fixed Trusts – fixed trusts have beneficiaries who are named, either individually or as a class. The entitlements of a beneficiary is set out in the terms of the trust instrument – the trustee is bound to make a distribution to the beneficiaries in a fixed or predetermined manner, as set out in the trust deed. • Discretionary trust – discretionary trusts are a form of express trust where the trustee has discretion. ...
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