In 1873-1875 the judicature act merged the administration of common law & equity but NOT the jurisdiction. We have to untangle the 2 jurisdictions using the CPR rules (white book) & the civil court practice directions (green book). I express a private trust to extinguish alleged bills.
1 year ago | 0
Does anyone know which application we can buy to have the sovereign empowerment
1 year ago | 0
Sovereign Empowerment
🚨EQUITY & TRUSTS🚨
We're getting folks asking about Trusts and I know there is a lot of conflicting information out there so thought I would share some basic information about this
I'm shooting a new series that will go into this in detail for now. Below I've tried to simplify a big topic. I hope this below helps!
👇👇👇WHAT IS EQUITY 👇👇👇
Equity was created to modify the rigid application of common law.
It is grounded on rules, principles, doctrines, and maxims, which are strictly interpreted for example...
>>>...Recognition and Protection of Rights: Trust law is one of the most important contributions of equity to English law. The essence of a trust is that property is held by one person (the trustee) for the benefit of another (the beneficiary)
>>>..Equitable Maxims: Equitable maxims are general principles that guide the application of equity. Such as:
"Equity regards as done that which ought to be done"
"He who comes into equity must come with clean hands"
"Equity follows the law,"
These Maxims, and there are many, provide a framework for applying equitable principles in varied circumstances.
In short, Equity operates as a distinct yet complementary system to common law, characterised by its focus on fairness and justice, and the exercise of judicial discretion to achieve equitable outcomes.
👇👇👇TRUST LAW & TRUSTS 👇👇👇
Trust law inherently belongs to Equity because it deals with the equitable principle of managing and protecting property for the benefit of others.
With a Trust (and tehre are many types), legal title is separated from beneficial interest, with trustees holding property not for their own benefit but for beneficiaries.
So this division and management of property rights align with Equity's focus on fairness, justice, and the protection of personal and property rights, making trust law a fundamental part of Equity.
Trusts then, a creation of Equity, embody this principle of fairness and justice. They offer an arrangement where one party, the Trustee, holds and manages assets for the benefit of another, the Beneficiary.
The separation of legal ownership (trustee) and beneficial ownership (beneficiary) allows for a flexible management and protection of assets...
...which in today's world is sorely needed by everyday people (there is a reason they like to hide this stuff) as the Gov continue there march forward to ensure by 2030 we will own nothing and be happy
Well with a Trust that is exactly what you can do...and yeah be happy too!
Trusts and Equity are intertwined. This is important to understand so as to navigate the conflicting information out there, especially concerning registration
🚨THERE IS NO LAW FOR REGISTRATION🚨
What matters is this:
There are 3 certainties of trust and these certainties are crucial because they ensure a Trust is legally recognisable and enforceable.
Without them, a Court cannot determine if a trust exists or how it should be administered.
The three certainties of trust are:
>> Certainty of Intention: There must be clear intent to create a trust.
>> Certainty of Subject Matter: The trust property must be precisely identified.
>> Certainty of Objects: The beneficiaries of the trust must be clearly defined.
Trusts then, are a practical application of Equity's fundamental goal – to achieve fairness and justice where the rigidities of common law might fall short.
They protect you and protect your assets from Government overreach
If you want to chat with us in more detail, please feel free to book a call sovemp.setmore.com/consult or watch out for the new series coming very soon!
Hope this helps
1 year ago (edited) | [YT] | 38