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Did the settlor truly mean to create a trust, or was it just a gift or a suggestion?
Held by the Beneficiary , who enjoys the fruits of the property. 3. The "Three Certainties" Equity and the Law of Trusts
Promoting public benefits (education, poverty relief, religion).
Is it clear exactly who the beneficiaries are? 4. Why Use Trusts? Trusts are versatile tools used for: AI responses may include mistakes
At its core, a trust is a relationship where one person holds property for the benefit of another. It effectively splits ownership into two parts: Held by the Trustee , who manages the property.
The Trustee is held to the highest standard of conduct known to the law. They must act with , avoiding any conflict of interest and never profiting from their position unless specifically authorized. Held by the Beneficiary , who enjoys the
represents one of the most sophisticated and intellectually rewarding branches of the legal system. It is the study of how conscience and fairness interact with rigid legal rules to ensure justice isn't just a formula, but a reality. 1. What is Equity?