Trusts law
A comprehensive revision resource for the SQE1 trusts law course
Assessment objectives
What is trusts law about?
→ Introduction to trusts law MIND MAP
→ Types of trust OVERVIEW
→ Types of trust MIND MAP
→ Trusts of the family home MIND MAP
Key definitions
Key legislation
Overview of express trusts and declarations of trusts
→ Overview of express trusts and declarations of trusts MIND MAP
Types of express trusts
→ Types of express trusts MIND MAP
Declarations of trust
→ Declarations of trust MIND MAP
The three certainties
→ The three certainties MIND MAP
PRACTISE MCQs: Express trusts and declarations of trust
Overview of constitution of trusts
→ Overview of constitution of trusts MIND MAP
Transferring trust property
→ Transferring trust property MIND MAP
Transferring land
→ Transferring land MIND MAP
Transferring shares
→ Transferring shares MIND MAP
Transferring money and chattels
→ Transferring money and chattels MIND MAP
Equity will not assist a volunteer
→ Equity will not assist a volunteer MIND MAP
PRACTISE MCQs: Constitution of trusts
Overview of beneficial entitlement
→ Overview of beneficial entitlement MIND MAP
A beneficiary's entitlement under a trust
Capital and income
→ Capital and income MIND MAP
Fixed interest trusts
→ Fixed interest trusts MIND MAP
Discretionary trusts
→ Discretionary trusts MIND MAP
Ending a trust (Saunders v Vautier)
→ Ending a trust MIND MAP
PRACTISE MCQs: Beneficial entitlement
Overview of charitable and non-charitable purpose trusts
→ Overview of charitable and non-charitable purpose trusts MIND MAP
Purpose trusts
→ Purpose trusts MIND MAP
Charitable trusts
→ Charitable trusts MIND MAP
Valid non-charitable purpose trusts
→ Valid non-charitable purpose trusts MIND MAP
PRACTISE MCQs: charitable and non-charitable purpose trusts
Overview of resulting trusts
→ Overview of resulting trusts MIND MAP
Implied trusts
→ Implied trusts MIND MAP
Presumptions of resulting trusts
→ Presumptions of resulting trusts MIND MAP
Presumptions of advancement
→ Presumptions of advancement MIND MAP
Rebutting presumptions
→ Rebutting presumptions MIND MAP
Automatic resulting trusts
→ Automatic resulting trusts MIND MAP
PRACTISE MCQs: Resulting trusts
Overview of trusts of the family home
→ Overview of trusts of the family home MIND MAP
Ownership of the family home
→ Ownership of the family home MIND MAP
Common intention constructive trusts of the family home
→ Common intention constructive trusts of the family home MIND MAP
Proprietary estoppel
→ Proprietary estoppel MIND MAP
PRACTISE MCQs: Trusts and the family home
Overview of the appointment, removal and retirement of trustees
Introduction to trustees
→ Introduction to trustees MIND MAP
Retirement of trustees
→ Retirement of a trustee MIND MAP
Removal or replacement of trustees
→ Removal or replacement of a trustee MIND MAP
Appointment of additional trustees
→ Appointing additional trustees MIND MAP
Death, incapacity or unavailability of a trustee
→ Death or incapacity of a trustee MIND MAP
PRACTISE MCQs: Appointment, removal or retirement of trustees
Overview of trustee powers
→ Overview of trustee powers MIND MAP
Trustee duties v trustee powers
Express powers in the declaration of trust
Power to provide income for minors
→ Power to provide income for minors MIND MAP
Duty to pay income to adult beneficiaries
Power to pay capital to beneficiaries
→ Power to pay capital to beneficiaries MIND MAP
PRACTISE MCQs: Trustee powers
Overview of trustee duties
→ Overview of trustee duties MIND MAP
Introduction to trustee duties
→ Introduction to trustee duties MIND MAP
Duty and standard of care
→ Duty and standard of care MIND MAP
Duty to act impartially between beneficiaries
Duty to act personally and unanimously
Duty to exercise discretion properly
PRACTISE MCQs: Trustee duties
Overview of trustee investment duties
→ Overview of trustee investment duties MIND MAP
Introduction to trustee investment duties
→ Introduction to trustee investment duties MIND MAP
Investments, objectives and strategy
Statutory investment duties
Other investment duties
Delegating investment responsibilities
→ Delegating investment responsibilities MIND MAP
PRACTISE MCQs: Trustee investment duties
Overview of trustee fiduciary duties
→ Overview of trustee fiduciary duties MIND MAP
Introduction to fiduciary duties
Duty to avoid conflicts of interest
Self-dealing and fair-dealing
Breaches of duty
→ Breaches of duty MIND MAP
Trustee remuneration and expenses
→ Trustee remuneration and expenses MIND MAP
Remedies
PRACTISE MCQs: Trustee fiduciary duties
Overview of personal claims against trustees
→ Overview of personal claims against trustees MIND MAP
Personal claims vs proprietary claims
Breach of trust
→ Breach of trust MIND MAP
Causation and loss
→ Causation and loss MIND MAP
Defences
Apportionment of liability between trustees
Overview of proprietary claims against trustees
→ Overview of proprietary claims against trustees MIND MAP
Proprietary claims vs personal claims
Tracing rules
→ Tracing rules MIND MAP
Trustee holds original or substitute trust property
Trustee mixes trust property with other property
PRACTISE MCQs: Proprietary claims against trustees
Overview of remedies against third parties
→ Overview of remedies against third parties MIND MAP
Trustees v third parties
Intermeddling
Knowing receipt
→ Intermeddling and knowing receipt MIND MAP
Equitable proprietary claims
Dishonest assistance
→ Dishonest assistance MIND MAP
PRACTISE MCQs: remedies against third parties
Instructions
Trusts law MOCK EXAMS
Choose a better learning experience, with engaging animated videos, interactive MCQs, sophisticated mind maps, and concise colour-coded lessons
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15 on-demand academic and skills courses, consolidating the core functioning legal knowledge required by the SRA into easily-digestible, bite-sized chunks
Thousands of MCQs, each with detailed explanations of why the answers are correct or incorrect.
Hundreds of animated videos to explain the more complex concepts in simple, engaging ways
Sophisticated mind maps and impactful tables to bring topics to life, and make them easier to remember
Three tiers of mock exams, including topic-specific, course-specific, and SQE-wide MCQ assessments
Insider insights into how concepts work in practice, concise definitions, and hundreds of worked examples, all colour-coded to support memorisation