Definitions
There is 1 meaning of the phrase
Resulting Trust.
Resulting Trust - as a noun
A trust created by a court when it is judged that it was the intention of the parties to create a trust
Example Sentences
"A resulting trust occurs when property is held by one person, but ownership is intended for another person."
"The house was purchased under the name of John but held in trust for his sister, creating a resulting trust."
"A resulting trust may arise if a person purchases a property in their name but intends for their child to be the true owner."
"The court found that a resulting trust was established based on the evidence presented."
"Upon his death, the assets were held in resulting trust for his grandchildren."
