Implied Trust Essay

1816 Words4 Pages

To assess the development of the law relating to implied trusts and the family home I shall examine the elements found in the question’s Hudson quote in relation to the key cases that have tried to move the law towards a greater sense of ‘fairness’ and to avoid unconscionability.
When a person holds both the legal and equitable interest in a piece of land they are the legal owner. When a trust is created the legal ownership is transferred from the owner (or settlor) to a trustee, with accompanying obligations to discharge the interests of the settlor at the same time the equitable interest is transferred to a beneficiary, giving them certain rights in the property.
“Where there has been an express trust declared over land, the terms of …show more content…

Although let us note that in both Stack v Dowden and Jones v Kermott both the women were the main financial contributor to the purchase price, a reflection of modern times on one hand. However the fact that the money is the only element that is given real value in these cases suggests that in some ways little has changed ideologically as in both the courts fail to impute intention from the actions or agreements of the parties that they wanted to share their apportions in the property.
Gissing v Gissing expanded upon resulting trusts by going beyond the limitations of rights obtained via the same to include the broader common intentions of the parties giving rise to a common intention resulting trust.
In Alastair Hudson’s Equity & Trusts he quotes Lord Diplock suggesting that people were more likely to be concerned about the “economic realities” they were dealing with than with the “technicalities of English law” meaning they would not be overly formal in their interaction with their homes. Common intention could be found through discussion between the parties, from evidence or inferred from conduct.
“The ultimate aim is to reach a ‘fair’

More about Implied Trust Essay

Open Document