Equity And The Law Of Trusts May 2026

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.

"Equity will not suffer a wrong to be without a remedy." Equity and the Law of Trusts

Where Common Law provides damages (money), Equity provides specific performance or injunctions. 2. The Essence of a Trust At its core, a trust is a relationship

Equity is not a separate set of rules designed to replace the law; it exists to it. Originating in the English Court of Chancery, Equity was developed to mitigate the "harshness" of the Common Law. At its core