Hi, Can anyone answer in simple english the relationship between Complete Constitution of a Trust, Equity will not assist a volunteer and Milroy v Lord.
As I can work out a Trust is completely constituted when it's vested in the Trustee. Equity will not permit a beneficiary to make a claim if he has paid no Consideration. Also in Milroy v Lord, if the settlor has done everything in his power to transfer a property and it hasn't vested for some formal reason, equity will step in and vest it. Any advice on how this web ties together. In Milroy v Lord a lack of Consideration was not the issue ?. Please advise. Gonzo -- You received this message because you are subscribed to the Google Groups "FE-1 Study Group" group. To post to this group, send an email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/fe-1-study-group?hl=en-GB.
