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(p. 17) 2. The nature of a trust 

(p. 17) 2. The nature of a trust
Chapter:
(p. 17) 2. The nature of a trust
Author(s):

Iain McDonald

and Anne Street

DOI:
10.1093/he/9780198815174.003.0002
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date: 19 September 2019

Each Concentrate revision guide is packed with essential information, key cases, revision tips, exam Q&As, and more. Concentrates show you what to expect in a law exam, what examiners are looking for, and how to achieve extra marks. This chapter discusses the nature of trusts. Trusts arise when the legal and equitable interests in property are divided. Trusts are either express or implied. An express trust can be either private or public. Private trusts are created for the benefit of private individuals or classes of individuals. Public trusts are trusts which will benefit members of the public. Implied trusts are those which are not expressly created. There are three broad types of implied trusts: resulting, constructive, and statutory.

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