the three certainties

Question 1

true or false - an express trust can only be created in a written document

Answer 1

false - can also be created by words or conduct.

Question 2

true or false - the settlor must use the word trust in order to demonstrate certainty of intention to create a trust

Answer 2

false - no need to use the word trust so long as there is clear intention.

Question 3

true or false - a person of means must watch what they say to others as any statement they make regarding property will be regarded as an intntion to hold property on trust for another

Answer 3

loose conversations unlikely to be construed to have intention

Answer 4

cdede