Introductory description

This module studies and evaluates the application of the trust in a variety of areas.

Module web page

Module aims

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

Term 1 indicative topics include:

1. Introduction to the Trust / Definition, Function and Classification
2. Certainty of Intention and Subject Matter
3. Certainty of Objects and the Beneficiary Principle
4. Formalities and Constitution
5. Trusteeship - duty of care and fiduciary duty
6. READING WEEK
7. Breach of Trust
8. Tracing and Recovering Trust Property
9. Third Party Liability
10. Beyond the Express Trust

Term 2 indicative topics include:

1. The Beneficiary Principle Revisited
2. The Settlor Drops Backs In
3. Public Policy and the Express Private Trust
4. The Trust as an Investment Device
5. The Trust as a Security Device
6. Trustee Powers and Duties Revisited
7. Resulting Trusts
8. Constructive Trusts
9. Charitable Trusts

Learning outcomes

By the end of the module, students should be able to:

• Understand the nature of trusts and equitable concepts and their distinctiveness from other legal concepts
• Locate and use primary and secondary sources of English and Commonwealth trusts law
• Identify the social spheres within which express private trusts operate
• Understand the relationship between legal, social political and economic influences upon the nature and functions of trusts in different contexts (e.g. tax and insolvency)
• Apply, with independent thought, subject knowledge and contextual skills both to unfamiliar legal problems and social contexts
• Demonstrate an ability to work independently and to organise time appropriately; to handle information sources with confidence
• Understand the relationship between the settlor, the trustee and the beneficiary, and the various theories explaining their respective rights
• Understand the nature and use of the resulting trust, constructive trust and charitable trust
• Identify the social spheres within which resulting, constructive, and charitable trusts operate
• Understand a range of commercial uses of the express private trust

Indicative reading list

See the core texts and wider reading listed under the Talis link above, plus
Andrew Burrows, 'We Do This At Law But That In Equity' (2002) 22 Oxford Journal of Legal Studies 1
Roger Cotterrell, 'Power, Property and the Law of Trusts' (1987) 14 Critical Legal Studies 77
Feltham ‘Informal Trusts and Third Parties’ [1987] Conv 246
Youdan, ‘Informal Trusts and Third Parties: A Response’ [1988] Conv 267
MacFarlane, The Structure of Property Law (Hart, 2008)
MacFarlane and Stevens, 'The Nature of Equitable Property' (2010) 4 Journal of Equity 1;
Zaccaria, 'The Nature of the Beneficiary's Right under a Trust: Proprietary Right, Purely Personal Right or Right Against a Right?' (2019) LQR 135;
Smith, ‘Massively Discretionary Trusts’ (2019) 25 Trusts and Trustees 397;
Chambers, The Resulting Trust (Clarendon Press 1997);
Swadling, 'Explaining Resulting Trusts' (2008) 124 LQR 72;
Mee, 'Presumed Resulting Trusts, Intention and Declaration' (2014) 74 CLJ 86;
Glister, 'Is there a Presumption of Advancement?' (2011) 33 Sydney LR 39;
Garton, Commercial Trusts Law (Edward Elgar, forthcoming)
plus a range of key cases

View reading list on Talis Aspire

Research element

Students will conduct research into legal cases, academic literature and other source material required for analysis of the topics covered within the module

Interdisciplinary

Some consideration of social, economic and political issues related to the module content may be required

International

Some comparison of and reference to other legal jurisdictions may be made within the module.

Subject specific skills

Analysis of factual situations and critical evaluation of issues identified by means of (a) independent judgement; (b) synthesis of other approaches derived from relevant literature and/or expertise

Transferable skills

Problem solving
Critical analysis
Written and oral presentation
Collaborative working