Trusts and the family home - Equity and Trusts - Stuvia.
Resulting trusts arise in the absence of an express declaration where a person holds legal title in circumstances where they can not be taken to have full equitable ownership. According to Re Vandervells Trusts (no 2) (1974) Ch 269 There are two categories of resulting trusts: automatic resulting trusts and presumed resulting trusts.
In Lloyds Bank v Rosset - Lord Bridge suggested that in absence of an expressed common intention as to the beneficial interest in the property, it was doub.
Personal Narrative: Why Trust is Important to Me Trust can take on many meanings in today’s society. It can exist in all aspects of our lives, and can have a dramatic impact on one’s personality. Trust, as a noun, is an assured reliance on the character, strength, or truth of someone or something; or a property interest held by one person for the benefit of another.
Constructive trusts are trusts that may be implied in the absence of a declaration of trust, where the trustee has induced another to act to their detriment in the belief that if they do so act to their detriment they would acquire a beneficial interest in the land (Gissing v Gissing (1971) AC 881 Case summary). There is an overlap with resulting and constructive trusts since both generally.
A resulting trust means that “A” holds either all or part of the property on trust for or for the benefit of “B”. If a resulting trust is determined to exist, the court will usually calculate the precise share in the property based on the amount of the direct capital contribution, proportionate to the purchase price.
There are few more important elements in family success than having relationships built on a foundation of trust. Author Stephen M.R. Covey, who wrote the book The Speed of Trust, suggests that every relationship is improved when trust levels are higher.
Four or five persons living under one roof does not become a family. Family is a bond, a long lasting relationship that holds a bond with each other. It all forms when man and women become one and from there a family is born. There are many values that one has to learn to get the family bonding in the right manner. Bonding does not happen overnight.