Held by the Beneficiary , who enjoys the fruits of the property. 3. The "Three Certainties"
At its core, a trust is a relationship where one person holds property for the benefit of another. It effectively splits ownership into two parts: Held by the Trustee , who manages the property.
Is it clear exactly what property is being held in trust?
The Trustee is held to the highest standard of conduct known to the law. They must act with , avoiding any conflict of interest and never profiting from their position unless specifically authorized.
represents one of the most sophisticated and intellectually rewarding branches of the legal system. It is the study of how conscience and fairness interact with rigid legal rules to ensure justice isn't just a formula, but a reality. 1. What is Equity?
For a private express trust to be valid, it must satisfy the requirements established in Knight v Knight :
"Equity will not suffer a wrong to be without a remedy."
