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Trust Law: Certainties in Trust Creation

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Trust Law: Certainties in Trust Creation

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Questions and Answers

What is the significance of the case Re Adams in relation to trusts?

The word 'trust' must be explicitly used to create a valid trust.

Precatory words create legal obligations in a trust. (correct)

Courts must construe words in each case but are bound by precedent.

Intangible assets must be segregated in a trust.

Which case established that 'reasonable income' can be accepted as subject matter for a trust?

Pauler v Simmonds

Hunter v Moss

Re London Wine

Re Golays (correct)

In which case was it established that intangible assets can be unsegregated in a trust?

Knight v Knight

Hunter v Moss (correct)

Re Adams

Paul v Constance

What is required to establish a 'complete list' of beneficiaries in a fixed trust?

Conceptual certainty Signup and view all the answers

In McPhail v Doulton, what test was introduced for discretionary trusts?

'Given postulant' test Signup and view all the answers

Which principle from Re Barlows is applicable for gifts under GSCP?

'One person' test Signup and view all the answers

In the case of Re Adams, what is the significance of precatory words in relation to creating legal obligations?

Precatory words do not create legal obligations Signup and view all the answers

Explain the concept of 'complete list' of beneficiaries in the context of fixed trusts.

Need to establish a 'complete list' of beneficiaries Signup and view all the answers

What was the ruling in Hunter v Moss regarding the segregation of assets in a trust?

Intangible assets can be unsegregated Signup and view all the answers

When it comes to discretionary trusts, what test was introduced in McPhail v Doulton to ensure conceptual certainty?

'Given postulant test' Signup and view all the answers

How does the case of Re Golays contribute to the certainty of subject matter in trusts?

'Reasonable income' accepted because it can be calculated objectively Signup and view all the answers

Explain the requirement for administrative workability in discretionary trusts based on Ex parte West Yorkshire MCC.

Administrative unworkability/capriciousness will fail the clause Signup and view all the answers

What is the significance of Re Tucks in relation to defining the class of beneficiaries in trusts?

3rd party can't resolve uncertainty but can contribute to defining the class Signup and view all the answers

Trust Law: Certainties in Trust Creation

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Podcast

Questions and Answers

What is the significance of the case Re Adams in relation to trusts?

Which case established that 'reasonable income' can be accepted as subject matter for a trust?

In which case was it established that intangible assets can be unsegregated in a trust?

What is required to establish a 'complete list' of beneficiaries in a fixed trust?

In McPhail v Doulton, what test was introduced for discretionary trusts?

Which principle from Re Barlows is applicable for gifts under GSCP?

In the case of Re Adams, what is the significance of precatory words in relation to creating legal obligations?

Explain the concept of 'complete list' of beneficiaries in the context of fixed trusts.

What was the ruling in Hunter v Moss regarding the segregation of assets in a trust?

When it comes to discretionary trusts, what test was introduced in McPhail v Doulton to ensure conceptual certainty?

How does the case of Re Golays contribute to the certainty of subject matter in trusts?

Explain the requirement for administrative workability in discretionary trusts based on Ex parte West Yorkshire MCC.

What is the significance of Re Tucks in relation to defining the class of beneficiaries in trusts?

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Trust Law: Certainties in Trust Creation

Choose a study mode

Podcast

Questions and Answers

What is the significance of the case Re Adams in relation to trusts?

Which case established that 'reasonable income' can be accepted as subject matter for a trust?

In which case was it established that intangible assets can be unsegregated in a trust?

What is required to establish a 'complete list' of beneficiaries in a fixed trust?

In McPhail v Doulton, what test was introduced for discretionary trusts?

Which principle from Re Barlows is applicable for gifts under GSCP?

In the case of Re Adams, what is the significance of precatory words in relation to creating legal obligations?

Explain the concept of 'complete list' of beneficiaries in the context of fixed trusts.

What was the ruling in Hunter v Moss regarding the segregation of assets in a trust?

When it comes to discretionary trusts, what test was introduced in McPhail v Doulton to ensure conceptual certainty?

How does the case of Re Golays contribute to the certainty of subject matter in trusts?

Explain the requirement for administrative workability in discretionary trusts based on Ex parte West Yorkshire MCC.

What is the significance of Re Tucks in relation to defining the class of beneficiaries in trusts?

More Like This

Equity and the Law of Trust Chapter 3 § 2

Equity and the Law of Trust Chapter 3 § 3 &amp; 4 Enforceability of Tr...

Equity and the Law of Trust Chapter 6 § 1

Trust Law and Equity Principles Quiz

Equity and the Law of Trust Chapter 3 § 3 & 4 Enforceability of Tr...