Definitions for resulting trust
This page provides all possible meanings and translations of the word resulting trust
a trust created by a court when it is judged that it was the intention of the parties to create a trust
A trust that is implied in law, under which property entrusted to one party is not to be used for the benefit of that party, but for that party to use for the benefit of a third party.
A resulting trust is the creation of an implied trust by operation of law, as where property gets transferred to one 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. 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 its settlor can be called a resulting trust. In common law, 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. Presumption is Constructive Trust The beneficial interest results in the settlor, or if the settlor has died the property forms part of the settlor's estate. And the distinguishment of beneficiary interest should be noteds53.it remains with the person and Re Vandervell case has proven that only the Beneficial interest disappears but not the beneficiary interest.
Find a translation for the resulting trust definition in other languages:
Select another language:
Discuss these resulting trust definitions with the community:
Use the citation below to add this definition to your bibliography:
"resulting trust." Definitions.net. STANDS4 LLC, 2014. Web. 18 Dec. 2014. <http://www.definitions.net/definition/resulting trust>.