Trusts are generally written legal documents in which people transfer ownership of their property to others, either while the owners are still living or after their death. There are times when the conduct of the parties is different than the wording of a trust document, or there is no document. In these cases, the court may impose a constructive trust in order to have a fair result consistent with the original intent of the parties. Characteristics of a Constructive Trust The concept of a constructive trust can be confusing. This type of trust arises when one … [Read more...]