EQUITY & TRUSTS
OUR EQUITY & TRUSTS TUTORS
Our Equity and Trusts law tutors are experts in a variety of courses and disciplines available in university-level law programmes. Law remains a highly regarded subject and a highly sought-after academic discipline. It is, in and of itself, worth its weight in gold. Many law graduates view their degree as useful currency when applying for jobs in a range of sectors. This is why many students turn to a law tutor for guidance.
An Equity and Trusts Law Tutor is constantly on the lookout for opportunities to teach and share their expertise and vocation in a variety of settings, both face to face and online. Our law tutors offer tuition in a range of courses, including the LLB, the Post Graduate Diploma in Law (GDL & PDGL), and the Master of Laws (LLM). As is the case with the majority of businesses and practises in the legal profession, a law tutor will employ a hybrid work model that allows his students to work remotely on days when they are not obliged to attend lectures, so helping them to maintain a more healthy study-life balance.
WHAT IS EQUITY AND TRUSTS?
Equity represents one of the two main ramifications of the UK law system. On one side there is Common law, such as the law made by the judges in the Common Law courts. On the other side there is Equity, the law made by the judges in the Chancery courts. A clear understanding of the origins of Equity is essential in order to comprehend the principles on which today’s law is based and it is based and the way those are applied.
A trust is an equitable device created by Equity in order to transfer a property under the control of a trustee for the benefit of a beneficiary. Concepts such as ‘trust’ must be illustrated in the light of the historical development of the subject.
STUDYING EQUITY AND TRUSTS
Equity & Trusts is one of the seven core subjects that the Law Society and the Bar Council deem essential in a qualifying law degree. Therefore, it is vital that a student successfully pass this subject to become a lawyer. Additionally, a knowledge and understanding of the principles in these areas is needed in order to study other law subjects such as land, probate and Wills.
THE NATURE OF THE BENEFICIARY’S RIGHTS
Personal and proprietary interests: In an example of the simplest type of trust a bare trust, where there is one beneficiary. Here the trustee function is to look after the trust property until it is ready to be transferred to the beneficiary in accordance with the trust instrument. In this type of case the nature of the beneficiaries’ interest is one which is a form of ownership of the trust property. The beneficiary is said to have a propriety interest in the trust property.
General Principle: The beneficiaries’ interest is one which is a form of ownership of the trust property.
Vadim Schmidt v Rosewood Trust  2 AC 709
Facts: The settlor established two trusts in the Isle of Man with an Isle of Man with a professional company acting as trustee. The settlor was a Mr Schmidt, a rich Russian millionaire. He had founded two separate trusts in 1992 and 1995 with co-settlors who were also directors of Russia's largest and one of the world's largest oil firms. Mr Schmidt had delegated a substantial amount of authority to the Rosewood Trust Company. He was attempted to hide the money in the trust and he had not nominated a beneficiary. He wanted his son to eventually take benefit of the trust. Mr Schmidt had given the trustees a power to appoint the son as sole benifiacry when the conditions were right, at some later time. The settlor died unexpectedly and intestate. The applicant (the son) sought access in both his personal capacity as heir to settlor and in his capacity as executor of the settlor's estate to documents in the possession of the trustee. The Court was unable to determine the proper construction of the gifts contained in the trust documents and hence was unable to determine whether the applicant had a proprietary interest in the trust property such, as to entitle him to access the documents sought on the basis of the rule in O'Rourke v Darbishire  AC 581.
Ratio: the court held that persons with a non-proprietary interest in a trust, such as the object of a trust power, may now seek access to trust documents, with such access now to be treated as a discretionary question for the court in the exercise of its inherent jurisdiction to supervise the administration of trusts.
Application: The Privy Council reformulated the basis upon which a person interested in a trust may seek access to trust documents; abandoning the rule previously thought to have been established in O'Rourke v Darbishire  AC 581 that access is available to persons with a “proprietary interest” in the trust property.
EQUITY AND TRUSTS LAW TUTORING
Our Equity and Trusts Law tutors are experienced lecturers who have been called to the bar. We have collaborated and created a book for our students that serves as a complete source of fundamental information and aims to provide law students with a thorough comprehension of this subject. Why not hire a Equity and Trusts Law tutor who authored a book on the fundamental concepts of Modern Equity and the trust for private tutoring? Our Equity and Trusts book is available for law students to buy now via the Amazon platform.