resulting trust (Meaning)

Wordnet

resulting trust (n)

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

No Synonyms and anytonyms found

The conveyance of property into a resulting trust ensures that the beneficial ownership remains with the original grantor.
A resulting trust arises when a property transfer creates a presumption of ownership not consistent with the actual intent of the parties.
The courts presume a resulting trust when the purchase price for real estate is paid by one party but title is taken in another's name.
In a resulting trust, the person who transferred the property into the trust becomes the beneficiary.
The purpose of a resulting trust is to prevent unjust enrichment of the person holding legal title.
A resulting trust can be express or implied.
An express resulting trust is created when the parties explicitly declare their intent to establish such a trust.
An implied resulting trust is inferred by the courts based on the circumstances of the property transfer.
The statute of frauds does not apply to resulting trusts, as they are not considered formal transfers of property.
If a resulting trust is found to exist, the court will order the property to be transferred to the intended beneficiary.

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

No synonyms found.

No antonyms found.

The conveyance of property into a resulting trust ensures that the beneficial ownership remains with the original grantor.

A resulting trust arises when a property transfer creates a presumption of ownership not consistent with the actual intent of the parties.

The courts presume a resulting trust when the purchase price for real estate is paid by one party but title is taken in another's name.

In a resulting trust, the person who transferred the property into the trust becomes the beneficiary.