Part A Q1 Flashcards

1
Q

Certainty, beneficiary, principle and capacity

A

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

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2
Q

IRC v broadway cottages trust [1955] ch 20

A

Complete list test - states discretionary trusts are only valid if possible to ascertain the identity of every beneficiary overrules in mcphail v doulton

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3
Q

Morice v Bishop of Durham 1805 10 ves 522

A

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

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4
Q

Pettingall v Pettingall 1842 11 LJ ch 176

A

A trust for horse was upheld despite a lack of ascertainable human beneficiary

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5
Q

Re Astor settlement trusts 1952 ch 534

A

Trust was void for lack of ascertainable beneficiaries. To avoid creation of anomalous purpose trust

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6
Q

Shah v shah 2011 WTLR 519

A

Certainty of subject matter

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7
Q

Formalities

A
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8
Q

Banks v Goodfellow 1869-70 LR 5QB 549

A

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

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9
Q

Barrett v Bem 2012 EWCA Civ 52

A
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10
Q

Timpson’s Executors v Yerbury 1936 1 KB 645

A
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11
Q

Effective transfer of title

A
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12
Q

Gillett v Holt 2001 CH 210

A
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13
Q

Mascall v Mascall 1984 49 P & CR 119

A
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14
Q

Re Fry 1946 ch 312

A
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15
Q

T.Choithram International S.A v Pagarani 2001 1 WLR

A
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16
Q

Woodard v Woodard 1995 3 ALL ER 980