Creation and requirements of express trusts Flashcards

1
Q

What is an express trust?

A

One which has intentionally been created

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2
Q

How can a settlor create an express trust?

A
  • self declaration
  • transfering property on trust
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3
Q

Does a full legal owner ever have an equitable interest?

A

No

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4
Q

What are the four requirements for express trusts?

A
  • three certainties
  • beneficiary principle
  • formalities
  • perpetuity rules
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