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8 Resulting trusts 1 Introduction to resulting trusts (1) What are resulting trusts?1 The previous two chapters have examined the circumstances in which a trust relationship may be created by the
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What is resulting trusts?
Resulting trusts are a type of trust that arise when property is transferred but the intentions of the transferor regarding the beneficial ownership are unclear or unexpressed.
Who is required to file resulting trusts?
It is not necessary to file resulting trusts, as they are implied trusts that arise automatically under certain circumstances.
How to fill out resulting trusts?
There is no specific form or process to fill out resulting trusts, as they do not require filing. However, it is important to document and provide evidence of the circumstances that give rise to the resulting trust.
What is the purpose of resulting trusts?
The purpose of resulting trusts is to prevent unjust enrichment and to ensure that property is held in accordance with the intentions of the transferor.
What information must be reported on resulting trusts?
Since resulting trusts do not require filing, there is no specific information that needs to be reported. However, it is advisable to keep records and evidence of the circumstances and intentions surrounding the transfer of property.
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