Creation by direction A trust is created when the beneficiary of an existing trust directs the trustee to hold his or her interest on trust for another.
{"Image DocumentName": "Creation by direction", "Image ImageDescription": "A trust is created when the beneficiary of an existing trust directs the trustee to hold his or her interest on trust for another. This is a dis\u00adposition of an existing equitable interest and, as such, needs to be evidenced in writing. Grey v Inland Revenue Commissioners [1960] AC 1.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}