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has gloss | (noun) a trust created by a court when it is judged that it was the intention of the parties to create a trust resulting trust |
has gloss | eng: A resulting trust (from the Latin resultare meaning to jump back) is the creation of an implied trust by operation of law, as where property gets transferred to one who pays nothing for it; and then is implied to have held the property for benefit of another person. The trust property is said to "result" back to the transferor (implied settlor). In this instance, the word result means "in the result, remains with", or something similar to "revert" except that in the result the beneficial interest is held on trust for the settlor. Not all trusts whose beneficiary is also its settlor can be called a resulting trust. In common law, the resulting trust refers to a subset of trusts which have such outcome; express trusts which stipulate that the settlor is to be the beneficiary are not normally considered resulting trusts. |
lexicalization | eng: resulting trust |
subclass of | (noun) a trust inferred by operation of law implied trust |
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Castilian | |
lexicalization | spa: fideicomiso presuntivo |
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similar | e/Resulting trust |
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