Should There Exist Two Classifications Of Trusts

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Fundamentally, there exist two classifications of trusts. Essentially, express trusts are ascertained by the settlor intentionally; on the other hand, implied trusts arise from certain circumstances and are imposed by courts. In addition, there are two types of implied trusts; resulting and constructive, the latter being controversial. Comparatively, express trusts are subject to the Law of Property Act 1925 although, constructive trusts which are implied are not subject to any statutory formalities. Fundamentally, there exist two classifications of trusts. Essentially, express trusts are ascertained by the settlor intentionally; on the other hand, implied trusts arise from certain circumstances and are imposed by courts. In addition, there

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