Podcast
Questions and Answers
Which term best describes the role of trustees in a trust?
Which term best describes the role of trustees in a trust?
- Beneficiaries
- Legal owners (correct)
- Feoffees to uses
- Cestuis que trust
During which time period did the practice of conveying land for more permanent purposes begin to grow?
During which time period did the practice of conveying land for more permanent purposes begin to grow?
- Before the Conquest
- Early thirteenth century (correct)
- After early doubts
- Limited time and purpose
How did the common law treat the feoffees to uses?
How did the common law treat the feoffees to uses?
- As beneficiaries
- As unfettered owners (correct)
- As legal owners
- As cestuis que use
When does a resulting trust arise?
When does a resulting trust arise?
What happens to the trust property if the trustee becomes bankrupt?
What happens to the trust property if the trustee becomes bankrupt?
What is a primary reason for creating a family settlement?
What is a primary reason for creating a family settlement?
What is the classic form of a life interest trust?
What is the classic form of a life interest trust?
Which type of trust may be useful to take into account the changing circumstances and needs of the beneficiaries?
Which type of trust may be useful to take into account the changing circumstances and needs of the beneficiaries?
What is the purpose of a protective trust?
What is the purpose of a protective trust?
Which individuals may be included in the class of discretionary beneficiaries?
Which individuals may be included in the class of discretionary beneficiaries?
Why do wealthy individuals choose tax havens for their trusts?
Why do wealthy individuals choose tax havens for their trusts?
What did the Chancellor do in relation to feoffees to uses?
What did the Chancellor do in relation to feoffees to uses?
What was the purpose of adopting the device of the use?
What was the purpose of adopting the device of the use?
What was the effect of the Statute of Uses passed in 1535?
What was the effect of the Statute of Uses passed in 1535?
What is the relationship between the legal owner and the equitable owner in a trust?
What is the relationship between the legal owner and the equitable owner in a trust?
Which of the following best describes a blind trust?
Which of the following best describes a blind trust?
Under what circumstances does a trust arise in relation to the family home?
Under what circumstances does a trust arise in relation to the family home?
Which entities commonly have their funds and property vested in trustees?
Which entities commonly have their funds and property vested in trustees?
According to Lord Browne-Wilkinson, what is important in order for a trust to not be rendered commercially useless?
According to Lord Browne-Wilkinson, what is important in order for a trust to not be rendered commercially useless?
Study Notes
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Description
Test your knowledge about resulting trusts and the differing views of Lord Millett and Lord Browne-Wilkinson. Explore the circumstances in which a resulting trust can arise and the role of conscience in these cases.
