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Tag Archives: merger of law and equity

The Evolution of Trusts in American Jurisprudence

Posted on February 18, 2015 by David L. Silverman, J.D., LL.M. (Taxation)

I. Introduction A trust is a relationship whereby a trustee holds property for the benefit the beneficiary, or cestui que trust. A division of ownership occurs between the trustee, who holds legal title, and the beneficiary, who holds equitable title. … Continue reading →

Posted in The Evolution of Trusts in American Jurisprudence, Treatises, Trusts | Tagged bailment, cestui que trust, common law of england, courts of chancery, english courts of law, equitable charge, fiduciaries, HEMs standard, history of trusts, justice cardozo, justice story, king v. talbot, king's courts of law, meinhard v. salmon, merger of law and equity, no further inquiry rule, prudent investor rule, treas. reg. 301.7701-4(a), trust beneficiary, trust distinguished from contract, trusts distinguished from other legal forms, uniform trust code | Leave a comment
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