2. Formalities Flashcards
LPA 1925, s 53(1)(b)
Declaration of trust in land must be evidenced in writing and signed
LPA 1925, s 53(2)
Implied, resulting and constructive trusts exempted from this requirement
LPA 1925, s 53(1)(c)
Disposition of the subsisting interest, whether in writing or pure personalty, it must be in writing and signed
Grey v IRC
Disposition of subsisting interest must be in signed writing
Vandervell v IRC
Disposition of subsisting interest need not be in signed writing where absolutely entitled B instructs T to transfer legal title to 3P with intention equitable title should follow
Neville v Weston
Making of a specifically enforceable contract creates a constructive trust in favour of the transferee, so the s 53(2) exception applies
Grainge v Wilberforce
If sub-trust is bare trust, where B has no active duties, he would ‘drop out’ of picture and original T would hold on trust directly for X
Re Lashmar
But if B has active duties or declares trust of only part of interest, s 53(1)(c) would appear not to apply, as this would be creation of new trust
Wills Act 1837, s 9
Formalities for creating trusts on death
- In writing
- Signed by testator
- Attested by two witnesses