A trust that comes into existence when a settlor directly states their intention that property in their ownership should be held on trust for another person
1 of 6
A testamentary disposition
A gift of property that is made to take effect on the death of the current owner
2 of 6
Section 53, Law of Property Act 1925
Subject to the provision hereinafter contained with respect to the creation of interests in land by parol—
3 of 6
a
no interest in land can be created or disposed of except by writing signed by the person creating or conveying the same, or by his agent thereunto lawfully authorised in writing, or by will, or by operation of law;
4 of 6
b
a declaration of trust respecting any land or any interest therein must be manifested and proved by some writing signed by some person who is able to declare such trust or by his will;
5 of 6
c
a disposition of an equitable interest or trust subsisting at the time of the disposition, must be in writing signed by the person disposing of the same, or by his agent thereunto lawfully authorised in writing or by will
6 of 6
Other cards in this set
Card 2
Front
A testamentary disposition
Back
A gift of property that is made to take effect on the death of the current owner
Comments
No comments have yet been made