Abbreviations |
|
xii | |
|
|
xiii | |
|
|
xvi | |
|
|
1 | (234) |
|
1 The historical origins of the trust |
|
|
3 | (12) |
|
The Court of Chancery and the origin of equity |
|
|
3 | (3) |
|
The relationship between equity and the common law |
|
|
6 | (2) |
|
The Judicature Acts and the administrative fusion of law and equity |
|
|
8 | (2) |
|
Equity's creation of the use and the trust |
|
|
10 | (5) |
|
|
14 | (1) |
|
|
14 | (1) |
|
2 Express trusts: basic principles |
|
|
15 | (35) |
|
Express trusts and trusts arising by operation of law (TABOLs) |
|
|
15 | (3) |
|
The position of the settlor |
|
|
18 | (2) |
|
The position of the trustee |
|
|
20 | (7) |
|
The position of the beneficiary |
|
|
27 | (16) |
|
Trusts and the fusion of law and equity |
|
|
43 | (1) |
|
The express trust in legal context |
|
|
44 | (6) |
|
|
49 | (1) |
|
|
49 | (1) |
|
|
50 | (29) |
|
Three basic building blocks: fixed trusts, discretionary trusts, and powers of appointment |
|
|
50 | (5) |
|
The variety of interests under express trusts |
|
|
55 | (4) |
|
The variety of powers and duties under a trust |
|
|
59 | (5) |
|
Faulty exercises of powers |
|
|
64 | (2) |
|
Judicial control of the exercise of discretions |
|
|
66 | (3) |
|
Limitations on the settlor's `freedom of trust' |
|
|
69 | (10) |
|
|
77 | (1) |
|
|
78 | (1) |
|
4 Modern discretionary trusts |
|
|
79 | (27) |
|
|
79 | (16) |
|
|
95 | (11) |
|
|
104 | (1) |
|
|
105 | (1) |
|
|
106 | (32) |
|
|
106 | (1) |
|
The family gift context---traditional trusts |
|
|
107 | (18) |
|
The family gift context--- modern discretionary trusts |
|
|
125 | (5) |
|
|
130 | (8) |
|
|
137 | (1) |
|
|
137 | (1) |
|
|
138 | (20) |
|
`Equity will not assist a volunteer' |
|
|
139 | (4) |
|
Perfecting an imperfect gift |
|
|
143 | (8) |
|
|
151 | (7) |
|
|
157 | (1) |
|
|
157 | (1) |
|
7 The beneficiary principle |
|
|
158 | (18) |
|
The beneficiary principle and the invalidity of private purpose trusts |
|
|
158 | (5) |
|
Anomalous valid purpose `trusts' |
|
|
163 | (2) |
|
|
165 | (2) |
|
|
167 | (6) |
|
|
173 | (3) |
|
|
175 | (1) |
|
|
175 | (1) |
|
8 The trust up and running |
|
|
176 | (23) |
|
|
176 | (11) |
|
The powers of maintenance and advancement |
|
|
187 | (3) |
|
Appointment, retirement, and removal of trustees |
|
|
190 | (3) |
|
Custodian, nominee, managing, and judicial trustees |
|
|
193 | (1) |
|
|
194 | (5) |
|
|
197 | (1) |
|
|
198 | (1) |
|
9 Formalities and secret trusts |
|
|
199 | (36) |
|
The character and purpose of formalities |
|
|
199 | (2) |
|
Declarations of trusts in land: Law of Property Act 1925, s 53(1)(b) |
|
|
201 | (3) |
|
Disposition of subsisting equitable interests: Law of Property Act 1925, s 53(1)(c) |
|
|
204 | (13) |
|
Testamentary trusts: Wills Act 1837, s 9 |
|
|
217 | (2) |
|
Informal testamentary trusts: secret and half-secret trusts |
|
|
219 | (16) |
|
|
232 | (1) |
|
|
232 | (3) |
|
PART II Resulting Trusts and Bare Trusts |
|
|
235 | (54) |
|
|
237 | (24) |
|
|
237 | (2) |
|
Presumed resulting trusts (PRTs) |
|
|
239 | (16) |
|
Automatic resulting trusts (ARTs) |
|
|
255 | (4) |
|
|
259 | (2) |
|
|
260 | (1) |
|
|
260 | (1) |
|
11 Bare trusts subject to contractual obligations and agenfs instructions |
|
|
261 | (28) |
|
|
261 | (2) |
|
Solicitor-agent trusts (SATs) |
|
|
263 | (8) |
|
|
271 | (11) |
|
Unincorporated association trusts (UATs) |
|
|
282 | (7) |
|
|
287 | (1) |
|
|
287 | (2) |
|
PART III Liabilities Arising from Breach of Trust and Fiduciary Obligations |
|
|
289 | (140) |
|
12 Following, tracing, and claiming |
|
|
291 | (21) |
|
|
292 | (10) |
|
|
302 | (6) |
|
Tracing and claiming at common law |
|
|
308 | (1) |
|
|
309 | (3) |
|
|
310 | (1) |
|
|
310 | (2) |
|
|
312 | (37) |
|
Situating breach of trust |
|
|
312 | (3) |
|
The trustee's liability to account, the performance interest in a trust, and personal claims against the trustee |
|
|
315 | (21) |
|
Liability of trustees inter se |
|
|
336 | (1) |
|
Beneficiaries' consent to a breach of trust |
|
|
336 | (2) |
|
Trustees' relief from liability under Trustee Act 1925, s 61, trustee exemption clauses, and ouster of trustee duties |
|
|
338 | (8) |
|
De facto trusteeship, or trusteeship de son tort |
|
|
346 | (1) |
|
Trustee's liability when a breach of trust is procured by a third party |
|
|
347 | (2) |
|
|
348 | (1) |
|
|
348 | (1) |
|
14 Fiduciary relationships |
|
|
349 | (38) |
|
The good faith duty of loyalty (GFDL) |
|
|
349 | (2) |
|
The fiduciary relationship |
|
|
251 | (5) |
|
The `no conflict' principle |
|
|
356 | (2) |
|
An advising fiduciary's duty to reveal a conflict of interest |
|
|
358 | (2) |
|
|
360 | (2) |
|
|
362 | (1) |
|
The duty not to compete with one's principal |
|
|
363 | (2) |
|
The profit opportunity doctrine |
|
|
365 | (6) |
|
|
371 | (8) |
|
Should the liability to account be personal or proprietary? |
|
|
379 | (8) |
|
|
384 | (1) |
|
|
384 | (3) |
|
15 Third party liability for breach of trust and fiduciary obligations |
|
|
387 | (22) |
|
Liability for procuring/assisting a breach of trust |
|
|
388 | (5) |
|
Third-party recipients of trust property or its traceable proceeds |
|
|
393 | (10) |
|
|
403 | (1) |
|
Secondary liability for breach of fiduciary obligation |
|
|
404 | (5) |
|
|
407 | (1) |
|
|
407 | (2) |
|
16 Restitution, unjust enrichment and the law of trusts |
|
|
409 | (20) |
|
A brief history of unjust enrichment and restitution |
|
|
411 | (3) |
|
Personal and proprietary restitution |
|
|
414 | (1) |
|
Unjust enrichment and resulting trusts |
|
|
415 | (2) |
|
|
417 | (2) |
|
The restitutionary analysis of recipient liability |
|
|
419 | (10) |
|
|
427 | (1) |
|
|
428 | (1) |
|
PART IV Constructive Trusts |
|
|
429 | (18) |
|
|
431 | (16) |
|
Varieties of constructive trust (CTs) |
|
|
431 | (1) |
|
The vendor purchaser CT and the maxim `Equity looks upon that as done which ought to be done' |
|
|
432 | (10) |
|
|
442 | (1) |
|
|
443 | (2) |
|
`Institutional' and `remedial' constructive trusts |
|
|
445 | (2) |
|
|
445 | (1) |
|
|
446 | (1) |
|
|
447 | (30) |
|
18 The law governing charities |
|
|
449 | (28) |
|
Charities and the law of trusts |
|
|
449 | (1) |
|
|
450 | (2) |
|
The conditions for charitable status |
|
|
452 | (1) |
|
The charitable character of public purpose trusts |
|
|
453 | (4) |
|
Trusts for the relief of poverty |
|
|
457 | (1) |
|
Trusts for the advancement of education |
|
|
457 | (1) |
|
Trusts for the advancement of religion |
|
|
458 | (2) |
|
Trusts for other purposes beneficial to the community |
|
|
460 | (3) |
|
The public benefit requirement |
|
|
463 | (4) |
|
A charity must be for exclusively charitable purposes |
|
|
467 | (4) |
|
Preservation from failure: the cy-pres doctrine |
|
|
471 | (6) |
|
|
475 | (1) |
|
|
475 | (2) |
Select bibliography |
|
477 | (12) |
Index |
|
489 | |