Equity And The Law Of Trusts Access

At its core, a trust is a relationship where one person holds property for the benefit of another. It effectively splits ownership into two parts: Held by the Trustee , who manages the property.

Safeguarding wealth from creditors or mismanagement. Tax Planning: Managing inheritance tax and capital gains. Equity and the Law of Trusts

Is it clear exactly who the beneficiaries are? 4. Why Use Trusts? Trusts are versatile tools used for: At its core, a trust is a relationship

Did the settlor truly mean to create a trust, or was it just a gift or a suggestion? Tax Planning: Managing inheritance tax and capital gains

Equity is not a separate set of rules designed to replace the law; it exists to it. Originating in the English Court of Chancery, Equity was developed to mitigate the "harshness" of the Common Law.

For a private express trust to be valid, it must satisfy the requirements established in Knight v Knight :