This class was created by Brainscape user Tair Nazkhanov. Visit their profile to learn more about the creator.
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Tair Nazkhanov
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Decks in this class (15)
Introduction
What is equity,
What is a trust,
Express trusts
5
cards
Express Trusts
Brief explanation,
Fixed interest trusts,
Discretionary trusts
6
cards
Constitution of Trusts
What is a constitution of lifetim...,
Lifetime trusts that self constitute,
Lifetime trusts that must be cons...
5
cards
Beneficial Entitlement
The nature of a beneficiary s ent...,
Capital and income,
Fixed interest trusts vested cont...
5
cards
Charitable and Non-Charitable Purpose Trusts
Purpose trusts,
The beneficiary principle,
Rule against perpetuities
5
cards
Resulting Trusts
Presumptions of resulting trust a...,
Resulting trusts when the benefic...
2
cards
Trusts of the Family Home
Ownership of the family home,
Express trusts of the family home,
Resulting trusts of the family home
4
cards
Trustees: appointment, removal and retirement
How many trustees there should be,
Retirement of trustees
2
cards
Trustee powers: maintenance and advancement
Express powers in the declaration...,
Power to apply income for benefic...,
Duty to pay income to certain ben...
4
cards
Trustees’ duties when running a trust
Differences between powers and du...,
Duty of care,
Duties when starting out as trustee
8
cards
Trustee duties: investment
Power of investment,
Duties when exercising investment...,
Delegation
3
cards
Fiduciary duties
When trustees can make a personal...,
Remuneration of trustees,
Incidental profits comission
6
cards
Remedies against trustees: personal claims
Personal claims,
Defences,
Indemnity and contribution
3
cards
Remedies against trustees: proprietary claims
Brief revision,
Mixed asset trust trustee funds,
Withdrawals from a mixed bank acc...
6
cards
Remedies against third parties
Third party claims,
Intermedding,
Equitable personal recipient liab...
5
cards
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Trusts
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