Understanding Equity and Trusts, 3rd edition

✍ Scribed by Alastair Hudson

• Publisher: Routledge-Cavendish
• Year: 2010
• Tongue: English
• Leaves: 245
• Edition: 3
• Category: Library

✦ Synopsis

Understanding Equity and Trusts is a sister text to Alastair Hudson's leading textbook Equity and Trusts, that gives those unfamiliar with the subject a clear, accessible, readable and comprehensive overview of the main themes in this dynamic area of the law. Whether used at the beginning of studying this field, as an aid to study or in the period before examinations, this book provides the reader with an invaluable grounding in all of the key principles of equity and the law of trusts. This book covers all of the topics that a student reader will encounter in any trusts law or general equity course. The text deals with express trusts, resulting and constructive trusts, the duties of trustees, breach of trust and tracing, commercial uses of trusts, charities, pensions, trusts of homes and equitable remedies. The third edition has been revised and updated to include new material on investing trusts and trustee’s duties and the material on charities has been substantially rewritten in the light of the Charities Act 2006. The law of trusts is built on simple basic principles. The approach of this book is to begin with a clear presentation of those principles before guiding the reader through the more complex issues which are the feature of examinations in this subject. The lively text includes a large number of straightforward examples to make the discussion of the general law more accessible.

✦ Table of Contents

Book Cover......Page 1
Title......Page 4
Copyright......Page 5
Contents......Page 6
Preface......Page 8
Table of cases......Page 12
Table of statutes......Page 20
To begin at the beginning . . . what is equity?......Page 22
The core equitable principles......Page 29
The roots of the trust......Page 34
The modern trust......Page 35
The rights of beneficiaries......Page 38
The various types of trust......Page 40
Distinguishing between other kinds of trust......Page 42
Contract, or simple giving......Page 46
Irrevocability of a trust......Page 47
The trust as an institution......Page 48
Constituting the trust......Page 49
Certainty of intention......Page 52
Certainty of subject matter......Page 54
Certainty of objects......Page 57
Perfecting imperfect gifts in some circumstances......Page 61
Covenants to settle property......Page 62
The beneficiary principle......Page 68
Purposes behind the creation of the trust from the beneficiary’s perspective......Page 74
The right of the beneficiaries in the trust property......Page 75
Variation of trusts......Page 76
Disposition of an equitable interest......Page 78
Thinking about formalities in express trusts......Page 80
An exceptional category: secret trusts......Page 82
A human right to trust property?......Page 85
Foundations of the duties of trustees......Page 88
Delineating the duties of the trustee......Page 89
The investment of trust funds......Page 94
Provision of information......Page 100
What is the core of a trustee’s obligations?......Page 104
Automatic resulting trusts......Page 106
Presumptions and resulting trust......Page 108
Illegality and resulting trust......Page 109
The death of the restitutionary resulting trust in......Page 112
What is a constructive trust?......Page 116
Fundamentals of constructive trusts......Page 119
Intermeddlers as constructive trustees......Page 128
Introduction......Page 132
Proprietary estoppel – the operation of the doctrine......Page 133
Other forms of estoppel......Page 140
Foundations of the estoppel(s)......Page 141
In conclusion......Page 142
Express trusts of homes......Page 144
Resulting trusts – contribution to purchase price......Page 145
Common intention constructive trusts......Page 146
The balance sheet approach......Page 150
The family assets approach......Page 155
Proprietary estoppel......Page 158
The operation of the Trusts of Land and Appointment of Trustees Act 1996......Page 161
Introduction......Page 168
Breach of trust......Page 169
Personal liability to account as a constructive trustee......Page 172
Tracing: understanding the nature of the claim......Page 181
Choice between remedies......Page 194
Trusts used as security incommercial transactions......Page 196
trusts......Page 198
Commercial trusts are not contracts......Page 200
Conclusion – how commercial lawyers think about property rights......Page 202
The outline of the law on charities......Page 204
The three established heads of charity......Page 206
Specific charitable purposes under statute......Page 212
Political purposes......Page 214
Issues with the law of charities......Page 215
The nature of equitable remedies......Page 218
Injunctions......Page 219
Specific performance......Page 223
Rescission......Page 224
Rectification......Page 226
Subrogation......Page 227
The foundations of equity......Page 228
Modern equity......Page 235
In conclusion......Page 237
Bibliography......Page 240
Index......Page 242