A trust that is implied from the intention of the parties that the person holding legal title is holding it for another's benefit is called a
A) pour-over trust.
B) precatory trust.
C) resulting trust.
D) constructive trust.

Question

Quizplus · Accepted Answer

A resulting trust arises when the legal title to property is held by one party but the beneficial interest belongs to another party. This can be implied based on the intention of the parties involved, such as when a person purchases property but intends for someone else to ultimately benefit from it. A precatory trust is not an actual trust but a statement of intention by the person creating the trust, while a pour-over trust is created to transfer property from one trust to another. A constructive trust is a remedy imposed by a court to prevent unjust enrichment.

A Trust That Is Implied from the Intention of the Parties