Law of Trusts Coursework Example | Topics and Well Written Essays - 750 words

Law of Trusts - Coursework ExampleIn this case the testator in transferring spot to his wife expressed a wish that she did was as right for their children with regards to disposing of the property.4 The only difference between Adams transfer and the transfer of property in Re Adams is that Adams words were more specific and contains more certainty relative to his intentions to create a confidence. However, since, Alfreds request came after he had already transferred the property to Barbara, Alfred did not create a trust as a declaration of trust can only occur upon or preceding to the transfer of the property in question. In any event, a request is insufficient to constitute certainty of intention.5 Once Alfred transferred the property to Barbara he no eight-day had any authority over the property.6 As for Barbara, it is entirely doubtful that she intended to create a trust as she merely agreed with Alfred and can accordingly be said to be acting on a moral obligation which is n ot sufficient enough to establish intention to create a trust.7 Certainty of objects refers to the certainty with which the beneficiary of a trust can be identified.8 At the end of the day, it must be possible to state with some percentage point of certainty that a particular beneficiary is the intended object of the trust.9 In a fixed trust such as the one contemplated by Alfred, the identity element of the beneficiary is expressed so that the trustee does not have a discretion to determine who is and should be included in the category of empower beneficiaries. The of the essence(predicate) thing in both discretionary and fixed trusts is that there is someone that can be identified with a degree of reasonable certainty that is entitled to the benefits of the trusts.10 in that location is no question that certainty of object is established in this particular case as it is clear that Chloe is the intended beneficiary. With respect to certainty of subject, the trust property must be identifiable. At the end of the day, the trustee must be put in a position to know what property transferred to him by the donor is applicable to the trust.11 There must be certainty as to what portion of the property must be shared or distributed among the identifiable beneficiaries.12 There is no uncertainty with respect to the division of the property in question. The intended disposition is for Chloe to be able to live in the house as keen-sighted as she needs to. However, there are two main problems with certainty of subject. First, it is not binding on Barbara and therefore not binding on David. The tercet certainties are fluid and if certainty of intention is not found to exist, certainty of object will therefore be inconsequential. Secondly, the intended trust deals with the disposition of an trusty interest in land and thus there are certain formal requirements that must be observed in order for the trust to be valid and enforceable. Pursuant to Section 53(1)(b) of t he Law of Property Act 1925, where a trust is declared in land or interest therein