Chapter

Conclusion

M. W. Lau

in The Economic Structure of Trusts

Published in print January 2011 | ISBN: 9780199602407
Published online May 2011 | e-ISBN: 9780191725203 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199602407.003.0011
Conclusion

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This final chapter asks: If the purpose of trusts is to extend the function of property, what then is the function of property in trusts? The short and simple answer is that property enables trusts to exist in the first place; no property, no trusts. But there is a lot more to it than the mandatory rule requiring trusts to have trust properties. This concluding chapter discusses this.

Keywords: trusts; function of property; mandatory rule; modern trust law; trust asset

Chapter.  1217 words. 

Subjects: Trusts Law

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