Where Common Law provides damages (money), Equity provides specific performance or injunctions. 2. The Essence of a Trust
Is it clear exactly who the beneficiaries are? 4. Why Use Trusts? Trusts are versatile tools used for: Equity and the Law of Trusts
At its core, a trust is a relationship where one person holds property for the benefit of another. It effectively splits ownership into two parts: Held by the Trustee , who manages the property. Where Common Law provides damages (money), Equity provides
"Equity will not suffer a wrong to be without a remedy." Where Common Law provides damages (money)
Providing for children or vulnerable relatives who cannot manage money themselves. 5. The Fiduciary Duty
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