Trusts

Other Law-Trusts

University of Western Australia

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Goh Bee Wee (10548601) 2007 Trusts (LAWS2203) Trusts imposes an equitable obligation on the holder of property in favour of another they are defined by their rules indicia of a trust include: a) legal or equitable title to property is vested in trustee b) trustee's obligation is an equitable; fiduciary one c) obligation relates to the property d) also `annexed to' the property in that its breach attracts proprietary consequences Settlor is the person or author of the trust, who originally owns the property person who creates a trust by manifesting a sufficiently certain intention that a trust was intended in favour of one or more beneficiaries or purposes recognised as valid objects of a trust Trustee the person to whom property is entrusted in to, they becomes the legal owner and control the property this person has the equitable (fiduciary) duty to perform the requests of the settlo...