Abstract

Textbooks state two ways in which an express trust can be set up: a transfer of assets by the settler to the trustee to hold them on the trusts stated in the trust or assets already held by the trustee will be held on trust in future. The author neatly summarizes that the making of a declaration of a trust can be regarded as the tidying up of the file particularly where property has been purchased jointly and the parties decide that their interests should be more closely defined. Precedents in this book will allow the tidying up to be done painlessly. This perhaps misses the point that in international trusts the investor may vest the assets in a trustee who simultaneously declares that he holds them on a trust thus giving a degree of anonymity to the investor. However, the principles are the same and this book shows that...

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