This classic text sets out the underlying principles which govern this area of law and explores in a very practical fashion the administration of trusts. A. J. Oakley draws on a wealth of experience in both teaching and practice to provide the reader with a thoroughly updated and accessible guide to the law and the overall function of trusts. This new and updated edition incorporating recent case law and major legislative changes will be welcomed by teachers and students at undergraduate level, vocational students and practitioners.
Introduction. The Classification of Trusts. The Essential Ingredients of a Trust. The Formal Requirements for the Creation of a Trust. The Constitution of a Trust. Discretions and Powers. Legality ofa Trust. Protective Trusts. Implied or Resulting Trusts. Constructive Trusts. Charitable Trusts. Pension Trusts. The Appointment, Retirement and Removal of Trustees. The Administration of Trusts. TheTaxation of a Trust. Apportionments. Income from the Trust Fund. Applications of Trust Capital. The Position of a Beneficiary under a Trust. Trustees# Remuneration and Benefits. Variation of Trusts. Breach of Trust. Trusts in the Conflict of Laws. Exporting Trusts.
