This class was created by Brainscape user Kareemat Bawala.

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Decks in this class (37)

Fixed and discretionary trusts
Explain fixed trusts 1,
What is a type of fixed trust 2,
An example of life interest trust 3
16  cards
Formalities for trust of land
What are the formalities needed f...,
What happens if there is non comp...,
What are the exceptions to the fo...
6  cards
Constitutions of trusts and rule in Milroy v Land
What does constitution of trusts ...,
How do you transfer legal title o...,
How do you transfer legal title o...
6  cards
Exceptions to Milroy v Lord
What did milroy v lord say 1,
What are the 4 possible lines of ...,
Re rose line of exception 3
18  cards
Key concepts in Trusts
When does a trust cease to exist 1,
What are the obligations of the t...,
What does the beneficiary in a tr...
3  cards
Creation of express trusts
What is an express trust 1,
What is the difference between a ...,
What happens during transfer of t...
7  cards
The rule in Saunders v Vautier
What is the basic principle of sa...,
What was the facts and what was h...,
What is the extension of the rule...
5  cards
Trust arising by operation of law intro
Whate are the two distinction in ...,
What are trusts arising by operat...,
When does resulting trusts arise 3
4  cards
Certainity of intention
What is needed to create a valid ...,
What is certainty of intention 2,
How does one ascertain intention 3
8  cards
Certainity of subject matter
What are the two requirements for...,
What is the trust property requir...,
Identifying subject matter by des...
7  cards
Certainity of objects
Certainty of objects fixed trusts 1,
What is the test for a fixed trus...,
What is the test for powers of ap...
8  cards
Trustees' role
What is the role of the trustee 1,
Trustee s remunerations 2,
Joint office 3
7  cards
Appointment of trustees
How mant trustees to appoint 1,
What choices does a settlor have ...,
Transfer of trust 3
13  cards
Removal and retirement of trustees
In what ways can a trustee be rem...,
Express removal of trustees 2,
Statutory power to replacement to...
5  cards
Trustee administrative powers and duties
What is the difference between tr...,
Trustee duties and fiduciary duti...,
In absence of express administrat...
14  cards
Trustee dispositive powers and duties
Duty to distribute capital 1,
Duty to distribute capital minor ...,
Duty to distribute income adult a...
10  cards
Power of advancement
What is the power of advancement 1,
When is the power of advancement ...,
How much capital can be paid for ...
10  cards
Power of maintenance
What is the power of maintenance 1,
What does previous accumulated in...,
When is the power of maintenance ...
6  cards
Trust of the family home - joint legal ownership
What is legal ownership sole owne...,
In what situations do disputes ar...,
Why is an express trust relevant ...
14  cards
Trust of the family home - sole legal ownership
What is the starting position in ...,
What is the two step process for ...,
How can a ci be established when ...
8  cards
Proprietary estoppel
What is a proprietary estoppel 1,
When is proprietary estoppel clai...,
What is needed for a proprietary ...
8  cards
Resulting trust
What is a resulting trust and whe...,
What are automatic resulting trus...,
How can a validly created trust b...
10  cards
Purpose trust
What are the key exception to the...,
What are the benefits of trusts h...,
What are the key differences betw...
5  cards
Charitable and non-charitable purpose trust
What must a charitable purpose tr...,
When is a charitable purpose a pu...,
What are the consequences if a tr...
13  cards
Intro - liability of strangers
What two claims can be brought ag...,
What is an accessory liability 2,
What is a recipient liability 3
4  cards
Accessory liability
What is an accessory liability 1,
What are the requirements to find...,
What does assistance mean 3
5  cards
Recipient liability
What is a knowing receipt 1,
What are the requirements of a kn...,
What is a beneficial receipt 3
6  cards
Equitable remedies
When are equitable remedies used 1,
What nature can equitable remedie...,
Whar are the benefits of propriet...
3  cards
Following, tracing and claiming
What options do beneficiaries hav...,
What is the advantage of establis...,
What does following tracing and c...
9  cards
Tracing claims
What is tracing and what does it ...,
Tracing mixed funds 2,
What is the rule for withdrawals ...
15  cards
Proprietary claims
Where assets are purchased exclus...,
Where assets are purchased with t...,
Where assets are purchased with t...
5  cards
Trustees breach
What needs to be asked to determi...,
What is an example of acting outs...,
What is an example of a trustee a...
7  cards
Trustee loss
When breach of trust has occured ...,
How is loss assessed 2,
How do courts assess expected val...
5  cards
Trustee defences
What defences are available to tr...,
Exemption clauses as a defence 2,
Instigation consent and acquiesce...
8  cards
Trustee - apportionment of liability
How is the rule when trustees are...,
What does the civil liability con...,
In what cases may court award a c...
4  cards
Fiduciary relationships
What is a fiduciary relationship 1,
What are the key fiduciary duties 2,
Explain no conflict rule self dea...
13  cards
Protection of trustees
What ways can trustees protect th...,
Protection to trustee ouster clau...,
Protection to trustee exemption c...
19  cards

More about
Trust Law

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