Equity Assignment : Advice on trusts
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Student id: 11027429 Word count: 2465 Equity Assignment. In order to successfully answer a question set on trusts it is essential to first clarify a definition in one's mind. This maybe sought from Martin in Modern Equity, whereby it is stated that ''A trust is a relationship recognised by equity where property is vested in (a person or) persons called the trustees, which those trustees are obliged to hold for the benefit of other persons called the beneficiaries.' Bearing this definition in mind it is deemed to possible to begin observing, analysing and debating the enforceability of the various trusts created by John upon his unfortunate death. The letter to Alice. The first letter can be deemed to be a trust in a will and it is also a fixed trust. It can also be seen that it is one of an express nature as John has intentionally declared the change of direction that...


