Definitions for resulting trust
re·sult·ing trust

Princeton's WordNetRate this definition:4.0 / 1 vote

1. resulting trustnoun

   a trust created by a court when it is judged that it was the intention of the parties to create a trust

WiktionaryRate this definition:0.0 / 0 votes

1. resulting trustnoun

   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.

ChatGPTRate this definition:0.0 / 0 votes

1. resulting trust

   A resulting trust is a type of implied trust that is established by a court and deemed to exist when a property is transferred without a specific, legal direction as to who should receive its benefits. It may also be established in cases where a previously established express trust fails or in cases where it’s presumed that the party who transferred the property didn't intend to gift it. It is inferred by law from the circumstances, particularly the behaviour of the parties involved, even if the intention is not explicit.

WikidataRate this definition:2.0 / 1 vote

1. Resulting trust

   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.

Matched Categories

1. • Implied Trust

How to pronounce resulting trust?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say resulting trust in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of resulting trust in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of resulting trust in Pythagorean Numerology is: 7

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=resulting trust
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Resulting_Trust
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=resulting trust