resulting trust Antonyms
No Synonyms and anytonyms found
Meaning of resulting trust
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
resulting trust Sentence Examples
- 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.
FAQs About the word resulting trust
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.
