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PDF Name: Equity and the Law of Trusts – Twelfth Edition
Author: Pettit Philip H.
Book’s Language: English
Published Year: 2012
Pages: 841
File Size: 7.63 MB
Downloads Type: Free PDF Download Books
PDF File Name: Equity-and-the-Law-of-Trusts-PDFRat-.pdf
Read PDF Online: Read Equity and the Law of Trusts – Twelfth Edition Book PDF Online
Category of the Book: Politics & Laws
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Summary of Equity and the Law of Trusts – Twelfth Edition by Pettit Philip H.

“Equity and the Law of Trusts – Twelfth Edition” Document highlights:

It examines equity and trust law.
Equity remedies common law injustices.
Trusts are legal arrangements where one party retains assets for another.
Settlors transfer assets to trustees, who administer and distribute them to beneficiaries according to the trust.
Trust equity ensures fairness, prevents fraud, and protects beneficiaries.
The document discusses equity and common law’s history.
“Equity follows the law” and conscience is discussed.
Express, resultant, and constructive trusts are explained.
Express trusts are settlor-created, while resultant trusts are implied.
Court-imposed constructive trusts protect undue enrichment and correct misconduct.
The contract describes trustee duties and powers, including loyalty, care, and investment of trust assets.
It also addresses beneficiary rights and obligations, such as disclosure and trust enforcement.
The trustee’s fiduciary duty to serve beneficiaries is examined.
The document discusses equity remedies for trust breaches, including injunctions, accountings, and tracing.
It discusses beneficiary fair remedies including specified performance and trustee appointment.
Fairness and justice can prevail over legal technicalities.
Examples and case studies demonstrate equity in trust law.
It stresses the necessity of equity in trust law.

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