The Law of Trusts

Second Edition

Geraint Thomas and Alastair Hudson

A new edition of this comprehensive reference work on the law of trusts.
Extensively revised and thoroughly updated to include all developments in the law since the publication of the first edition in 2004, including the rule in Hastings-Bass; different applications of the constructive trust; trustees' liability for breach of trust; the taxation of trusts and estate planning; trusts of pension schemes and financial regulation.
Contains expanded treatment of areas that have recently grown in importance, such as the emergence of shams and retention of control of trust assets by the settlor; and the growing use of Special Purpose Vehicles in offshore commercial dealings.
Incorporates discussion of relevant case law from new trust jurisdictions.
Authoritative and well respected authors combining practical experience with significant scholarly knowledge.
Provides unique and in-depth analysis of those forms of trust used in practice.
Provides a broader focus on practice matters which is often difficult to find in other existing reference texts.
A clear two part structure enables ease of navigation and access of information.

The Law of Trusts

Second Edition

Geraint Thomas and Alastair Hudson

Description

This new edition of The Law of Trusts provides comprehensive and up to date coverage of both the general principles and the application of trust law in specific areas of legal practice.

The book has been fully revised and updated to take into account recent legislation and case law from key trust jurisdictions, and to include new material on the rule in Hastings-Bass; different applications of the constructive trust; trustees' liability for breach of trust; the taxation of trusts and estate planning; trusts of pension schemes and financial regulation. It also contains expanded material on areas that have recently grown in importance, such as the emergence of shams and retention of control of trust assets by the settlor; and the growing use of Special Purpose Vehicles in offshore commercial dealings.

The book is helpfully split into two parts along these lines: Part One considers the general principles involved and includes coverage of: all aspects of express private trusts; the duties and powers of trustees; the variation of trusts; trusts implied by law; and breach of trusts. Part Two puts the general principles to work by covering key practice areas including: insolvency; private client trusts; international trusts; pension funds; financial transactions; commercial transactions; and trusts of land. This is a substantial work written by expert academics who also have experience of practice, supported by contributions from key specialists.

The Law of Trusts

Second Edition

Geraint Thomas and Alastair Hudson

Section One: Gerneral Principles of the Law of Trusts
Part A: introduction to the Law of Trusts
Introduction: The Scope of the Book
1:The Nature of the Trust
Part B: Express Private Trusts
2:The Three Certainties
3: Certainty of Subject Matter
4:Certainty of Objects
5:The Constitution of an Express Private Trust
6:Trusts for Non-Charitable Purposes: The Beneficiary Principle
7:The Nature of a Beneficary's Interest
8:Trusts with Unlawful Purposes: The Rules Against Perpetuities, Against Inalienability, and Against Excessive Accumulations
Part C: The Duties and Powers of Trustees
10:The Duties of Trustees: Part One
111:The Duties of Trustees: Part Two
12:Disclosure of Information by Trustees
13:The Powers of Trustees: Part One
14:The Powers of Trustees: Part Two
15:Delegation by Trustees
16:Powers of Revocation
17:Disclaimer, Release, and Extinguishment of Powers
18:The Excessive Execution of a Power
19:Fraud on a Power
20:The Judicial Review of the Exercise of Trustee's Discretions
21:Rights of Trustees
22:Death, Retirement, Removal, and Appointment of Trustees
23:Particular Trustees and Protectors
24:Variation and Amendment of Trusts
Part D: Trusts Implied by Law
25:An Introduction to Trusts Implied by Law
26:Resulting Trusts
27:Constructive Trusts in Reponse to Unconscionable Behaviour
28:Constructive Trusts to Enforce Agreements
29:Constructive Trusts in Response to Abuse of Fiduciary Position
30:The Liability of Strangers to Account as Constructive Trustees
Part F: Private Client Trusts
34:Private Client Trusts: Inheritance Tax
35:Interest in Possession Trusts
36:Trusts for Minors and Young Persons
37:Discretionary Trusts
38:Disabled Trusts
39:Testamentary Trusts
Part G: International Trusts
40:Offshore Asset Protection Trusts
41:Offshore Purpose Trusts
42:The Cayman Islands' STAR Trust, the British Virgin Islands Special Trusts Act 2003
43:International Trusts: Choice of Law
44:Jurisdiction, Remedies and the Recognition and Enforcement of Foreign Judgements
Part H: Occupational Pension Schemes
45:Nature and Structure of Occupational Pension Scheme Trusts
46:Trusteeship and Duties of Trustees of Occupational Pension Scheme Trusts
47:Legislation Affecting Benefits
48:Amendment Termination, and Regulation of Occupational Pension Schemes
Part I: Trusts in Financial Transactions
49:Trustees in the Law of Finance
50:Trusts of Financial Instruments and Money
51:Trusts Used to take Security in Commercial Transactions
52:Trusts in Relation to Debt Securities
53:Unit Trusts
54:Investment of Private Express Trusts
Part J: Trusts Used in Commercial Contexts
55:Trusts which Conduct a Business
56:Fiduciary Liability in the Creation of Financial and Commercial Transactions
57:Trusts and the Termination of Contracts
Part K: TRusts of the Land and of Home
58:Trusts of the Family Home
59:Trusts of Land

The Law of Trusts

Second Edition

Geraint Thomas and Alastair Hudson

Author Information

Geraint Thomas, Professor of Equity & Property Law, Queen Mary, University of London, and Alastair Hudson, Professor of Equity and Law, Queen Mary, University of London

Contributors:

Francis Barlow QC, Barrister, 10 Old Square Chambers
John Glasson, Consultant, Eversheds, Dawsons, and Stuart Smalley & Co
Caroline Kirby, Partner, Farrer & Co
Christopher McKenzie, Partner, Walkers
Karen Mumgaard, CMS Cameron McKenna
Marcus Parker, Partner, Payne Hicks Beach Solicitors, London
Christopher Sly, Partner, Payne Hicks Beach Solicitors, London
Michael Waterworth, Barrister, Ten Old Square Chambers

The Law of Trusts

Second Edition

Geraint Thomas and Alastair Hudson

Reviews and Awards

"the authors are to be firmly applauded for producing a book that is becoming increasingly authoritative. This work is going from strength to strength." - Look Chan Ho, Trusts Law International, Vol. 25, No. 1

"Thomas & Hudson have added a new dimension to the ongoing discussion on trusts and it helps the user understand the progress which has taken place in recent years in the most interesting field of law" - Phillip Taylor MBE, Richmond Green Chambers