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Probate
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clause Property
Property
dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in
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Dishonest Assistance
Dishonest assistance, or knowing assistance, is a type of third party liability under English trust law. It is usually seen as one of two liabilities established in Barnes v Addy,[1] the other one being knowing receipt. To be liable for dishonest assistance, there must be a breach of trust or fiduciary duty by someone other than the defendant, the defendant must have helped that person in the breach, and the defendant must have a dishonest state of mind
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Hague Trust Convention
The Hague Convention on the Law Applicable to Trusts
Trusts
and on their Recognition, or Hague Trust Convention
Hague Trust Convention
is a multilateral treaty developed by the Hague Conference on Private International Law
Hague Conference on Private International Law
on the Law Applicable to Trusts. It concluded on 1 July 1985, entered into force 1 January 1992, and is as of September 2017 ratified by 14 countries. The Convention uses a harmonised definition of a trust, which are the subject of the convention and sets Conflict rules for resolving problems in the choice of the applicable law. The key provisions of the Convention are:each party recognises the existence and validity of trusts
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Undue Influence
In jurisprudence, undue influence is an equitable doctrine that involves one person taking advantage of a position of power over another person. This inequity in power between the parties can vitiate one party's consent as they are unable to freely exercise their independent will.[1]Contents1 In contract law1.1 In Australia1.1.1 Presumed undue influence1.1.1.1 First subgroup 1.1.1.2 Second subgroup1.1.2 Actual undue influence 1.1.3 A special principle2 In probate law 3 See also 4 ReferencesIn contract law[edit] Where it is established that a plaintiff was induced to enter into a contract or transaction by the undue influence of the defendant, the contract may be rendered voidable
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Purpose Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Resulting Trust
A resulting trust (from the Latin 'resalire' meaning 'to jump back') is the creation of an implied trust by operation of law, where property is transferred to someone who pays nothing for it; and then is implied to have held the property for benefit of another person. The trust property is said to "result" back to the transferor (implied settlor). In this instance, the word 'result' means "in the result, remains with", or something similar to "revert" except that in the result the beneficial interest is held on trust for the settlor. Not all trusts whose beneficiary is also the settlor can be called resulting trusts. In common law systems, the resulting trust refers to a subset of trusts which have such outcome; express trusts which stipulate that the settlor is to be the beneficiary are not normally considered resulting trusts.[1] The beneficial interest results in the settlor, or if the settlor has died the property forms part of the settlor's estate (intestacy)
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Constructive Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Bare Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Discretionary Trust
A discretionary trust in Canadian and English trusts law
English trusts law
is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in Australia
Australia
or New Zealand. Where the discretionary trust is a testamentary trust, it is common for the settlor to leave a letter of wishes for the trustees to guide them as to the settlor's wishes in the exercise of their discretion. Letters of wishes are not legally binding documents. Discretionary trusts can only arise as express trusts
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Accumulation And Maintenance Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Interest In Possession Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Charitable Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Incentive Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Succession (conflict)
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Protective Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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Spendthrift Trust
SectionsAttestation clauseResiduary clauseIncorporation by referenceContestTestamentary capacityUndue influenceInsane delusion FraudNo-contest clauseProperty dispositionLapse and anti-lapseAdemption AbatementSatisfaction of legaciesActs of independent significanceElective share Pretermitted heirWills and conflict of lawsTrustsExpress ResultingConstructiveCommon typesBare DiscretionaryAccumulation and maintenanceInterest in possessionCharitable Purpose IncentiveOther typesProtective SpendthriftLife insurance RemainderLife interestReversionary interestTestamentaryHonorary Asset-protection Special
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