This audio presentation lecture analyses the formal requirements for the inter vivos creation of trusts of land and dispositions of subsisting equitable interests under ss 53(1)(b) and 53(1)(c) of the Law of Property Act 1925 respectively.
The following topics are considered:
- s53(1)(b)
Declaration of trust
Interest in land
Writing
Signature
‘Manifested and proved by writing’
Limitations or exclusions – s 53(2) LPA 1925
- s53(1)(c)
Rationale for the provision
Effect of non compliance
Land and personalty
Agent’s signature
Disposition
- Principal authorities considered include
Milroy v Lord (1862) 31 LJ Ch 798; Knight v Knight (1840) 3 Beav 148; Hodgson v Marks [1971] Ch 892; Timpson’s Executors v Yerbury [1936] 1 KB 645; Grey v IRC [1960] AC 1; Vandervell v IRC [1967] 2 AC 291; Oughtred v IRC [1960] AC 206; Re Holt’s Sett [1968] 1 All ER 470; Chinn v Collins [1981] AC 533; Vandervell Trusts (No 2) [1974] Ch 269; Neville v Wilson [1996] 3 WLR 460; Grainge v Wilberforce (1889) 5 TLR 436; Re Lashmar [1891] 1 Ch 258; Nelson v Greening & Sykes [2007] EWCA 1358
Re Paradise Motor Co [1968] 1 WLR 1125; Re Danish Bacon Co Staff Pension Fund [1971] 1 WLR 248
Duration 60 mins (approx)
Lecturer: Mohamed Ramjohn
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More lectures on the Law of Trusts
- Trusts – webinar
- Liability of third parties
- Charitable Trusts
- Trusts of the family home
- Constructive trusts
- Secret trusts
- Private purpose trusts
- Tracing Q&A
- Creation of express trusts
- Unincorporated associations
- Resulting trusts
- Constitution of a trust Q&A
- Formalities
- Exceptions to the rule that equity will not assist a volunteer.
- Constitution of an express trust
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