HD Trusts Notes

Description

These are the notes I used for the Trusts exam and assignement. I achieved a HD. Contents: - Introduction and Defining Trusts - Creating an Express Trusts - Three certainties: intention, subject matter and object. - Fixed interest vs discretionary trusts - Quistclose trusts - Trust Structures - Charitable Trusts - Statutory Formailites - Trust Constitutions - Trustee Duties - Largest topic, includes duties to: obey trust deed, act in best interest of beneficiaries, prudence, "get in" assets, keeping accounts. - Trustee Exercise of Powers - Trustee Rights - Limited Liability, Indemnity, and other minor rights - Rights of Beneficiaries - Remedies (personal and proprietary) There are smaller topics included within these main headings.