This legal glossary is a basic guide to common legal terms. A lawyer is in the best position to advise you about your legal rights and responsibilities.
Different terms may have different meanings based on the specific area of law or the context in which they are being used. For legal terms not referred to in this glossary, or for more comprehensive definitions, you may wish to refer to a legal dictionary or to an internet resource.
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- Legal rights that apply where one person holds and deals with property on behalf of or for the benefit of another person.
- Constructive Trust
- A type of trust that may arise where one person contributes to the worth of another person's property. The court may find that it is a constructive trust if the property owner is unjustly enriched and the contributor receives no benefit. The effect of a constructive trust is that the owner of the property may have to hold the property in trust for the contributor.
- Resulting Trust
- An action taken with the intent of creating a trust, where property is given from one person to another to control and act as trustee.