Revisiting sham trusts: Common intention, estoppel and illegality

This article examines the prevailing view that, to find a sham trust, the settlor’s shamming intention must be shared by the trustee. This common intention requirement, it is argued, overprotects the trustee and the beneficiary, and suffers from inconsistent application to conceptually identical cas...

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Main Author: SEE, Alvin W. L.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
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Online Access:https://ink.library.smu.edu.sg/sol_research/2589
https://ink.library.smu.edu.sg/context/sol_research/article/4547/viewcontent/Revisiting_Sham_Trusts.pdf
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spelling sg-smu-ink.sol_research-45472021-07-16T06:19:28Z Revisiting sham trusts: Common intention, estoppel and illegality SEE, Alvin W. L. This article examines the prevailing view that, to find a sham trust, the settlor’s shamming intention must be shared by the trustee. This common intention requirement, it is argued, overprotects the trustee and the beneficiary, and suffers from inconsistent application to conceptually identical cases. Moreover, where the sham is concocted for the perpetuation of an illegal purpose, the requirement may contradict the operation of the illegality doctrine. This article proposes that the two doctrines ought to align and that any prejudice to an innocent trustee or beneficiary can be addressed with more specific solutions such as a change of position defence or an analogous estoppel defence. 2018-03-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/2589 https://ink.library.smu.edu.sg/context/sol_research/article/4547/viewcontent/Revisiting_Sham_Trusts.pdf Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Sham Trusts Illegality Commercial Law Estates and Trusts
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Sham Trusts
Illegality
Commercial Law
Estates and Trusts
spellingShingle Sham Trusts
Illegality
Commercial Law
Estates and Trusts
SEE, Alvin W. L.
Revisiting sham trusts: Common intention, estoppel and illegality
description This article examines the prevailing view that, to find a sham trust, the settlor’s shamming intention must be shared by the trustee. This common intention requirement, it is argued, overprotects the trustee and the beneficiary, and suffers from inconsistent application to conceptually identical cases. Moreover, where the sham is concocted for the perpetuation of an illegal purpose, the requirement may contradict the operation of the illegality doctrine. This article proposes that the two doctrines ought to align and that any prejudice to an innocent trustee or beneficiary can be addressed with more specific solutions such as a change of position defence or an analogous estoppel defence.
format text
author SEE, Alvin W. L.
author_facet SEE, Alvin W. L.
author_sort SEE, Alvin W. L.
title Revisiting sham trusts: Common intention, estoppel and illegality
title_short Revisiting sham trusts: Common intention, estoppel and illegality
title_full Revisiting sham trusts: Common intention, estoppel and illegality
title_fullStr Revisiting sham trusts: Common intention, estoppel and illegality
title_full_unstemmed Revisiting sham trusts: Common intention, estoppel and illegality
title_sort revisiting sham trusts: common intention, estoppel and illegality
publisher Institutional Knowledge at Singapore Management University
publishDate 2018
url https://ink.library.smu.edu.sg/sol_research/2589
https://ink.library.smu.edu.sg/context/sol_research/article/4547/viewcontent/Revisiting_Sham_Trusts.pdf
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