LAW5010 Principles of Trust HD Full Exam Notes

Description

General Trust Principles Creation of a valid express trust . Step 1 – Certainty of intention Quistclose trusts (QT) Step 2 – Certainty of subject matter Step 3 – Certainty of object Trust structures Trusts for charitable purposes Step 4 – Constitution Step 5 – Statutory writing formalities Trustee’s duties Defences Trustee’s rights Rights of indemnity (ROI) Beneficiaries’ rights Variation of trusts Remedies