A part of Equity law, the law of trusts deals with the rules and principles governing the creation
and operation of trusts – a particular method of holding property that developed historically
primarily to preserve family wealth, particularly by minimising liability to taxation. The syllabus
focuses on three broad areas: 1) the requirements for establishing a valid trust (including
express private trusts; charitable trusts; implied and resulting trusts; constructive trusts);
2) the powers and obligations of trustees under a valid trust (including appointment, retirement
and removal of trustees); 3) the remedies available when trustees act improperly.