Resulting Trust | Implied Trust arises from Money Paid

Resulting Trust A resulting trust arises by operation of law to give effect to the original and implied intention of the parties. In particular, a trust that arises when money is paid for property by one person, but the property is conveyed to another under circumstances that give rise to an implication that the property is to be held, partly or wholly, for the benefit of the payee. The presumption of a resulting trust depends on the facts of the case, but prima facie a presumption may be made … [Read more...]