Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
A trust imposes one of the most powerful forms of obligation in English law.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
A trust imposes one of the most powerful forms of obligation in English law. It is to be expected, therefore that the imposition of a trust on the recipient or holder of property is not to be achieved lightly. The trustee will have onerous duties to perform and is amenable to be coercive jurisdiction of the court at the suit of the benficiaries. It must be clear to the trustees what their duties are. The most important characteristic of a trust is that is a fiduciary relationship (a relationship based on confidence and trust. The fiduciary relationship exists between the trustee, who holds the title and administers the trust property, and the beneficiaries, for whose benefits the trust property is held. For a trust to be enforced, it must be possible to determine who the beneficiaries are.. Cetainty is to the nature and extent of the trust property and the interest of the beneficiaries is no less...
To see the full version of this document, and 145,348 others
