Today I had the doubleheader of Equity & Trusts and Tort Law.
In Equity, we continued to look at secret trusts and this week we examined the use of half secret trusts. There was one glaring thing to note from the class, is that you cannot be the beneficiary and trustee of a secret trust. That would just make you the legal and equitable owner, in two different capacities. The courts will only strike this stupidity down. At least there are only a few cases to learn.
We also looked at the justifications for secret trusts and I can only agree with my lecturer. It doesn’t make sense. There is just an inconsistency in the way the Lords have gone about justifying the laws of trusts. When I decide to use a secret trust (of course I am going to use one), then I would definitely use a fully secret trust. Just a much cleaner and more straightforward tool.
In Tort, we did not spend that much time on cases, though it was a relatively short lecture. Instead, we spent quite a bit of time in the lecture going over an exam question which was not allowed. This was quite useful, as I have been grappling with this issue for the last couple of weeks. So, the process of looking at what is expected with new examples was not only informative but also reassuring.