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Saturday 2 November 2013

Resulting and Constructive Trusts...

The implication of a resulting trust or constructive trust when an express trust fails is not without limitation. There is a presumption of a resulting trust that arises in favor of a claimant in proportion to his direct cash contributions toward the acquisition of property. There is no need for oral agreement since it operates by-law as a legal presumption. These presumptions find their origins in ancient codes or rules of communal living. They were written on tablets a long time ago and now much discussion of such rules appear on television or your streaming PC. Buy your tablets for Christmas now and make sure you keep the receipt so that if you are searched on the way home, you can prove that you are not in possession of proceeds of crime.

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