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Understanding Trusts: Types and Rules by Gina Cox is a document available to read on EtoBox.
What is Understanding Trusts: Types and Rules about?
The document summarizes various types of trusts: 1) Private express trusts have a trustee who holds legal title for the benefit of a beneficiary. The settlor must manifest intent to create the trust and it must have a valid purpose. 2) Charitable trusts benefit the public and have no ascertainable beneficiary. The court can modify the trust (cy pres) if the intent becomes impossible or impracticable. 3) Resulting and constructive trusts are implied trusts used to prevent unjust enrichment or fraud. A resul
- Author
- Gina Cox
- Language
- EN