Part A Q1 Flashcards
Certainty, beneficiary, principle and capacity
Certainty of Subject Matter - clear what property is part of the trust
Certainty of Objects - be clear who the beneficiaries are
Certainty of Intention - clear what testator intends to create a trust
IRC v broadway cottages trust [1955] ch 20
Complete list test - states discretionary trusts are only valid if possible to ascertain the identity of every beneficiary overrules in mcphail v doulton
Morice v Bishop of Durham 1805 10 ves 522
Laid the beneficiary principle - stating a valid trust must be enforceable by definite objects
The purport5ed trust was not charitable and had no ascertainable beneficiaries
Pettingall v Pettingall 1842 11 LJ ch 176
A trust for horse was upheld despite a lack of ascertainable human beneficiary
Re Astor settlement trusts 1952 ch 534
Trust was void for lack of ascertainable beneficiaries. To avoid creation of anomalous purpose trust
Shah v shah 2011 WTLR 519
Certainty of subject matter
Formalities
Banks v Goodfellow 1869-70 LR 5QB 549
Legal challenge to validity of will; person making will must understand nature of will
Comprehend the extent of the property
Be aware of the potential beneficiaries
Barrett v Bem 2012 EWCA Civ 52
Timpson’s Executors v Yerbury 1936 1 KB 645
Effective transfer of title
Gillett v Holt 2001 CH 210
Mascall v Mascall 1984 49 P & CR 119
Re Fry 1946 ch 312
T.Choithram International S.A v Pagarani 2001 1 WLR
Woodard v Woodard 1995 3 ALL ER 980