Resulting Trusts — SQE1 FLK2 Trusts Law
Notes de l’épisode
Six years of paying someone else's mortgage can buy you nothing at all under a resulting trust, while signing the loan on day one buys you a share outright.
Practise this topic with exam-style questions: sqe1prep.co.uk
In this episode:
- A resulting trust gives effect to the transferor's presumed intention
- Advancement is presumed from a father, never from a mother
- A resulting trust is fixed at acquisition and never grows
- In a jointly owned family home, equity follows the law
- A failed purpose sends the money back on a resulting trust
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