Source - Unlocking Trusts
Here is the summary of the second chapter of this book:
1) Concept of trust - Recognition of Trusts Act, Hague Convention on Recognition of Trusts
2) Characteristics of a trust - Separation of legal and equitable interest, Sub-trust, inter vivos or on death, position of each party in a trust particularly bonafide transferee of the legal estate for value without consideration (see MCC Proceeds v Lehman Bros)
3) Classification of trusts - private and public, fixed and discretionary, express, resulting, constructive, statutory trusts
4) Reasons for creation of trusts
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