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Resulting trust

A Law Dictionary and Glossary · George C. Kinney · 1893

A Law Dictionary and Glossary

A trust raised in equity by implication, for the benefit of the grantor of an estate, as upon the expiration of a previous trust, or before the beginning of another; in strictness, a trust arising from a going back or reverting of an estate to him from whom it proceeded, though commonly applied to various trusts which might more properly be regarded as implied trusts, — the trust arising, for instance, where, upon purchase, the purchase-money is furnished by one person, and the title is taken in the name of another. Resulting use: a use which returns to the grantor of an estate, as because it cannot vest, or because it has expired.