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(p. 24) 2. Introduction to Trusts 

(p. 24) 2. Introduction to Trusts
Chapter:
(p. 24) 2. Introduction to Trusts
Author(s):

Paul S Davies

, Graham Virgo

, and E H Burn

DOI:
10.1093/he/9780198727651.003.0002
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date: 26 February 2020

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing able students with a stand-alone resource. This chapter presents an introduction to the legal mechanisms of a trust, which involves a trustee or trustees holding property rights on behalf of another or for an identified purpose. A trustee is obliged in Equity to exercise those rights for that person or purpose. The law of trusts is primarily concerned with the different rights that various people might have following the creation of a trust. There is particular controversy about the nature of the beneficiary’s rights to trust property. There are a variety of reasons why someone would wish to create a trust, with the consequent separation of legal and equitable title, and a number of categories of trust exist, the operation of which is influenced by the context in which the trust arises.

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