Resulting Trust Flashcards
(5 cards)
1
Q
Resulting trust on property requirements?
A
Contribute to purchase price
* at time of purchase
* actual purchase price itsefl
2
Q
Presuumption of advancement?
A
Presume intended as a gift
3
Q
When does Presuumption of advancement apply?
A
Father - child
husband - wife
fiance - fiancee
4
Q
How to rebut presumption of advancement?
A
Look at settlor’s intentions before/at time of death
5
Q
If you attempt to create resulting trust but fail - what happens to equitable title?
A
Back to settlor
