Got a tricky question? Receive an answer from students like you! Try us!

English Law Equity and Trust Coursework - Essay Example

Only on StudentShare
College
Essay
Miscellaneous
Pages 10 (2510 words)

Summary

He is the beneficiary of a generous trust set up by his father" his condition or obligation of one to whom anything is confided; responsible charge or office." We can summarize the term trust in this manner. The trust property is something held by one party for the benefit of another and the first party is called as the trustee and second party is the beneficiary…

Extract of sample
English Law Equity and Trust Coursework

Generally the beneficiary gets interest and dividends on the trust assets for a set number of years.
Law of equity and trust confers the provision regarding the trust. It laid down several duties and responsibilities for the trustees. Trust can be raised from either trust deed/covenant as said before or by the Will, i.e. a testamentary trust is a trust created by a Will or a codicil to a Will. A testament is a Will. Here the trust instrument is the Will/Codicil. A testamentary trust can not be by inter vivos i.e it can not be exist between living persons. Generally there can be two types of disputes raised from this type of the trust established by the law. a) Dispute concerning property left in Wills which are over the capacity of a testator b) dispute regarding whether the testator made the Will under undue influence.
Here there is a rule that he/she must dispose of that property personally and may not delegate that power of disposition to another. ...
Download paper
Not exactly what you need?

Related Essays

Comparison of equity and common law in the field of breach of a fiduciary duty in a trust
In "Junior books v Veitchi (1983) 1 AC 520" recovery of economic loss was imposed as liability. And the elements for constituting negligence such as (a) A duty of care owed by the defendant to the plaintiff (b) A bleach of that duty by the defendant (c) consequential damage suffered by the plaintiff (d) Such damages caused by the bleach are formulated. (Peter de Cruz 320)…
11 pages (2761 words)
Law Equity
(Tom Myers, 2006)…
10 pages (2510 words)
Equity and Trust Degree Essay
Tock had asked his friend George, a registered financial adviser, about Meltdown before they invested the money when they met at race meeting. George told Tock that all new companies came under investigation by the Fraud Squad and that Tock should not worry. The share value of the company dropped dramatically last month but Tock has told Tick that they are better off leaving the money invested in Meltdown Plc as the company is bound to make a profit sometime. Last week Tick and Tock were approached by Clarissa, a member of Oakley Riding Club, who has asked them for some money out of the trust…
4 pages (1004 words)