PrincipleEQUITY AND TRUSTS — Presumption of Advancement — When Property Purchased in Child’s Name
- Area of law
- EQUITY AND TRUSTS
- Court
- Supreme Court
Resulting trust applies when property is purchased in another's name. Presumption of advancement displaces resulting trust for husband, father, or in loco parentis. The principle applies to equity and trusts. The rule recognizes familial obligations as indicating gift intent. The purchaser's relationship to the nominal…
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