Trusts group 1 invert Flashcards
Private express trusts need 3 certainties
Knight v Knight
Trusts no need technical language
Richards v Dellbridge
Trust can be inferred from conduct
Vandervell (no.2)
Use of word trust ≠ conclusive
Tito v Waddell
Crt will determine intention from language used
Gulbenkian’s
Precatory words ≠ sufficient – ‘in full confidence’
Re Adams & Kensington Vestry
If T. Found from precatory words, then Trust = valid;
If a T. Is determined under old law, new law will uphold it, even if T. Not supported by Modern law;
Steele’s WT
Whole document examined to determine if intention existed to impose T on done
Comiskey
Where contrary intention shown – presumption = absolute gift to done
s. 22 Admin. Justice Act
Bank account case – ‘money as much mine as yours’ = intention for T.
Paul v. Constance
Sham intention: Declaration of T. Made but kept safe & revealed when business failed – was ‘kept up sleeve for rainy day’
Midland Bank v White
Sham = acts done intended to give 3ps or Crts appearance of creating legal obligation different from actual obligations
Snook
Difference b/twn imperiative words (which create a trust) and precatory words (suggest moral obligation) “she may think best”
Lamb v Eames
Cannot be a trust for unidentified property;
Re London Wine Co
Certainty of subject matter – ‘bulk of my estates’ ≠ certain
Palmer v Simmonds