This class was created by Brainscape user Isabella Tatford. Visit their profile to learn more about the creator.

Decks in this class (22)

Perpetuity
What are the two different sets o...,
What is,
Rule against inalienability
5  cards
Creation of a trust
What is the difference between le...,
What are the different categories...,
How is an express trust different...
28  cards
3 certainties
What are the 3 certainties,
Where can someone s intention be ...,
Is the word trust necessary for f...
24  cards
Formalities
What are the formalities for expr...,
True or false section 53 1 b lpa ...,
What is the effect of failure to ...
40  cards
Beneficial entitlement
What is the beneficiary principle,
Beneficiaries in a fixed trust,
Successive interest trusts
22  cards
Purpose trusts
What are the exceptions to the be...,
What are the benefits of charitab...,
What are the requirements for a c...
43  cards
Implied trusts: Resulting trusts
When do resulting trusts arise,
What are automatic resulting trusts,
What are presumed resulting trusts
11  cards
Implied trusts: Trusts of the family home
What trusts can be implied on mar...,
How are implied trusts on marital...,
True or false if legal title to a...
38  cards
Trustees' role
What are the rules on the maximum...,
How are replacement trustees appo...,
How can the general statutory pow...
18  cards
Fiduciary relationship
What are the two key fiduciary du...,
What is self dealing,
What is fair dealing
7  cards
Trustees Powers and Duties
How do trustee s powers operate,
How do trustee s duties work,
Where can you find the duties and...
64  cards
Trustees: Liability
When can trustees breach the trust,
What qs should be asked when asse...,
Can a trustee be liable for a bre...
47  cards
Tracing and Equitable Remedies
What are the traceable proceeds o...,
What is following,
What is tracing
37  cards
Liability of strangers to a trust
Accessory liability requirements,
Can beneficiaries bring a claim a...,
How can someone assist the breach...
18  cards
Creation of trusts MCQs
A woman is the trustee of two tru...,
A woman recently died her valid w...,
A woman recently died by her vali...
15  cards
Trustee Duties and Power MCQs
Which of the following most accur...,
A solicitor trustee and a lay tru...,
Lay trustees decided to invest in...
15  cards
Third Party Liability MCQs
A man is the trustee of a fund of...,
2  cards
Trustee Liability MCQs
A trust includes several valuable...,
A man died one month ago leaving ...,
A woman died and was survived by ...
3  cards
Tracing and other equitable remedies MCQs
In breach of trust a trustee misa...,
A person is the trustee of two tr...,
In breach of trust a trustee misa...
4  cards
Implied trusts MCQs
A man and his girlfriend consider...,
A man and woman bought a house 20...,
A woman purchased a cottage which...
6  cards
3 certainties MCQs
A deceased person s estate contai...,
Shortly before her death a woman ...
2  cards
Purpose trusts MCQs
A client wishes to leave their ar...,
An organisation wishes to set up ...,
A will contains the following pro...
5  cards

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Trusts

  • Class purpose General learning

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