Constitution of Trust Flashcards
(6 cards)
1
Q
Transfer legal title of land
A
TR1 + Deed = send to Land Registry
2
Q
Transfer legal title to shares
A
Crest (electronically done amongst publicly listed companies)
or
stock transfer form + share certificate = send to company + add to Register of Members
3
Q
Chattels
A
Physical delivery
3
Q
Money
A
By hand, bank transfer or cheque
4
Q
What if settlor missed a formality but made every other step to put legal title in trustee’s hands?
A
Could still be valid under equity - made every effort
5
Q
How to give title to administrators to act as trutseees too?
A
- intended to create immediate trust
- failed to comply with a transfer rule
- continued intention until death and
- acquired legal title by being PR
