Property and Trusts — Overview

Oxford has long been synonymous with excellence in the law of property and of trusts. Indeed, it has been suggested that property law was instrumental in Oxford’s first becoming a centre of learning - in the twelfth century, scholars who had learned property law in France were attracted to Oxford as their conveyancing expertise was invaluable to the local abbeys.1 In more modern times, Oxford scholars have published some of the leading works in property law, such as “Ownership” by Tony Honore;2 “Trust, Power and Duty”3 by James Harris; and “Economic Theory v Property Law: The Numerus Clausus Problem”4 by Bernard Rudden.  The list of books and papers published by current members of the Oxford Law Faculty given below shows that this tradition of excellence and breadth in property law scholarship continues today.

Our Faculty expertise enables us to supervise graduate research in a wide field of property law, and we welcome applications for doctoral studies. In 1997 alone three very influential books on property law and trusts were published from doctoral studies in Oxford: “The Idea of Property in Law”5 by James Penner; “The Law of Tracing”6 by Lionel Smith; and “Resulting Trusts”7 by Robert Chambers. This trend has continued into the new millennium: books published by recent D Phil graduates include “Boundaries of Personal Property: Shares and Sub-Shares”8 by Arianna Pretto-Sakmann; and “Chattel Torts”9 by Simon Douglas.

Oxford’s teaching strength in property law means that students benefit from lectures, seminars and tutorials given by authors of leading textbooks and journal articles. Oxford also hosted the 2010 Modern Studies in Property Law Conference, and with regular meetings of the Property Law Discussion Group, it is clear that property law and trusts is an important part not only of Oxford’s past, but also of its future.

This theme contains four subjects, namely: Advanced Property and Trusts, Land Law, Personal Property and Trusts


Advanced Property and Trusts

Publications

J S Getzler, 'Plural Ownership, Funds, and the Aggregation of Wills' (2009) 10 Theoretical Inquiries in Law 241 [...]

This Article suggests that common ownership, better described as, plural ownership to distinguish the phenomenon from semicommons, may usefully be analysed from a dual perspective. Plural ownership may simultaneously be seen as an aggregation of individualised rights, duties and intentions, and as giving rise to a real entity with a group mind and corporate rights and duties distinct from those of the individual owners. For the purposes of understanding this dualism, the most developed and interesting form of plural ownership is the trust fund with multiple controllers and beneficiaries, an ancient device that now serves as the bedrock of modern capitalism. The fund is here subjected to legal, historical and philosophical scrutiny to uncover how group personality is generated by plural ownership in the absence of formal legal incorporation.


ISBN: 1565-1509

J S Getzler, Timothy Endicott and Edwin Peel (eds), Properties of Law: Essays in Honour of Jim Harris (Oxford University Press 2006) [...]

Essays on legal theory, property theory, precedent, and criminal law.The late Jim Harris' theory of the science of law, and his theoretical work on human rights and property, have been a challenge and stimulus to legal scholars for the past twenty-five years. This collection of essays, originally conceived as a festschrift and now offered to the memory of a greatly admired scholar, assesses Harris' contribution across many fields of law and legal philosophy. The chapters are written by some of the foremost specialists writing today, and reflect the wide range of Harris's work, and the depth of his influence on legal studies. They include contributions on topics as diverse as the nature of law and legal reasoning, rival theories of property rights and their impact on practical questions before the courts; the nature of precedent in legal argument; and the evolving concept of human rights and its place in legal discourse.


ISBN: 0-19-929096-2

Courses

The courses we offer in this field are:

Postgraduate

BCL

Our taught postgraduate programme, designed to serve outstanding law students from common-law backgrounds

Advanced Property and Trusts

The course explores the foundations of the institutions of property and trusts. It combines conceptual and functional analysis of doctrine with more abstract theoretical enquiry. Ideas and perspectives are drawn from moral and political philosophy, history, and economics, as well as more formally legal, comparative and jurisprudential analyses. Some knowledge of the legal details of property in one or other legal system will be essential for students taking the course. A common-law background is not a prerequisite; much use will be made of English law and other common law systems, but we will also draw upon civilian legal systems in our explorations. The course gives students an opportunity to study fundamental institutions of private law with wide ramifications in the social sciences and humanities. Students will be exposed to the widest possible range of research and teaching in property law and trusts drawing on visiting scholars as well as Oxford faculty. The topics discussed are all ripe for exploration as areas of future research.

The course will divide into three areas: A. Boundaries of Property (conceptual and functional analysis of property) B. Justifying Property (mainstream and novel defences and critiques of property) C. The Trust (the distinctive contribution of trust and fiduciary institutions in blurring the lines between proprietary and personal claims; trust systems in common law and civilian jurisdictions)

The course will be taught by means of seminars supplemented by lectures and tutorials, led by Joshua Getzler, Simon Douglas, The Hon J Dyson Heydon, and Alexandra Braun. The core seminars are spread over Michaelmas and Hilary terms. Students will be provided with course materials accessible through the internet and the intranet, together with material in university and college libraries. Students will explore the reading materials and address a set of thematic questions, on which they will be asked to prepare brief notes. In approximately the fourth and eighth weeks of Michaelmas and Hilary terms seminars will not be given; instead tutorials will be provided in those four weeks, for which students will be asked to prepare essays on given topics. Each student will thus have the opportunity to take a set of up to four tutorials in the midst of their seminar learning across the first two terms. In Trinity Term students will be given the opportunity to consolidate their learning in occasional seminars where they will take the lead in discussion and in presenting topics, with extra readings supplied to help with deeper exploration of issues. The tutorials and third-term seminars will assist students in preparing for assessment.

Assessment will take the form of a three hour written examination at the end of the course. Candidates will be required to answer three essay questions from a wide choice of topics, which may cut across themes covered in the course. Candidates will be expected to show a detailed knowledge of relevant theoretical debates and also applicable legal materials, including judgments in cases, and statutory and constitutional provisions. They will also need to display an ability to synthesise complex materials and to present their own analysis of the arguments.

The course is taught mainly by: Joshua Getzler, Professor of Law and Legal History, Fellow of St Hugh’s College; The Hon J Dyson Heydon, Visiting Professor; Simon Douglas, CUF Lecturer in Law, Fellow of Jesus College; Alexandra Braun, CUF Lecturer in Law, Fellow of Lady Margaret Hall.

MJur

Our taught postgraduate programme, designed to serve outstanding law students from civil law backgrounds.

Advanced Property and Trusts

The course explores the foundations of the institutions of property and trusts. It combines conceptual and functional analysis of doctrine with more abstract theoretical enquiry. Ideas and perspectives are drawn from moral and political philosophy, history, and economics, as well as more formally legal, comparative and jurisprudential analyses. Some knowledge of the legal details of property in one or other legal system will be essential for students taking the course. A common-law background is not a prerequisite; much use will be made of English law and other common law systems, but we will also draw upon civilian legal systems in our explorations. The course gives students an opportunity to study fundamental institutions of private law with wide ramifications in the social sciences and humanities. Students will be exposed to the widest possible range of research and teaching in property law and trusts drawing on visiting scholars as well as Oxford faculty. The topics discussed are all ripe for exploration as areas of future research.

The course will divide into three areas: A. Boundaries of Property (conceptual and functional analysis of property) B. Justifying Property (mainstream and novel defences and critiques of property) C. The Trust (the distinctive contribution of trust and fiduciary institutions in blurring the lines between proprietary and personal claims; trust systems in common law and civilian jurisdictions)

The course will be taught by means of seminars supplemented by lectures and tutorials, led by Joshua Getzler, Simon Douglas, The Hon J Dyson Heydon, and Alexandra Braun. The core seminars are spread over Michaelmas and Hilary terms. Students will be provided with course materials accessible through the internet and the intranet, together with material in university and college libraries. Students will explore the reading materials and address a set of thematic questions, on which they will be asked to prepare brief notes. In approximately the fourth and eighth weeks of Michaelmas and Hilary terms seminars will not be given; instead tutorials will be provided in those four weeks, for which students will be asked to prepare essays on given topics. Each student will thus have the opportunity to take a set of up to four tutorials in the midst of their seminar learning across the first two terms. In Trinity Term students will be given the opportunity to consolidate their learning in occasional seminars where they will take the lead in discussion and in presenting topics, with extra readings supplied to help with deeper exploration of issues. The tutorials and third-term seminars will assist students in preparing for assessment.

Assessment will take the form of a three hour written examination at the end of the course. Candidates will be required to answer three essay questions from a wide choice of topics, which may cut across themes covered in the course. Candidates will be expected to show a detailed knowledge of relevant theoretical debates and also applicable legal materials, including judgments in cases, and statutory and constitutional provisions. They will also need to display an ability to synthesise complex materials and to present their own analysis of the arguments.

The course is taught mainly by: Joshua Getzler, Professor of Law and Legal History, Fellow of St Hugh’s College; The Hon J Dyson Heydon, Visiting Professor; Simon Douglas, CUF Lecturer in Law, Fellow of Jesus College; Alexandra Braun, CUF Lecturer in Law, Fellow of Lady Margaret Hall.


People

Advanced Property and Trusts teaching is organized by a Subject Group convened by:

Joshua Getzler: Professor of Law and Legal History

in conjunction with:

Alexandra Braun: CUF Lecturer

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Land Law

Publications

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2013

S J Bright, 'Manchester City Council v Pinnock' in N Gravells (ed), Landmark Cases in Land Law (Hart 2013) (forthcoming) [...]

This chapter explores what the case of Manchester CC v Pinnock means In terms of the rhetoric of ownership and our doctrinal thinking about property rights. It is argued that it heralds a much more contextualised understanding of what it means to assert ownership of land and of how claims for the recovery of land should be resolved. It is these dimensions that are explored in this chapter


ISBN: 9781849462570

2012

S Gardner and E MacKenzie, An Introduction to Land Law (3rd edn, 2012)

A Briggs, 'Co-ownership and an equitable non sequitur' (2012) 128 Sweet & Maxwell, Law Quarterly Review 183   [Case Note] [...]

Comment on one, but important, aspect of the judgments in Jones v Kernott, pointing out the flaw in the application of the maxim that equity follows the law in the law of co-ownership of land.


ISBN: 0023 933X

S J Bright and others, 'Evaluating Legal Models of Affordable Home Ownership in England' in T. Turnipseed (ed), Community, Home and Identity (Routledge 2012) (forthcoming) [...]

This chapter explores the legal modesl used to provide for low cost home ownership and: a) Explains the legal frameworks used to deliver the main LCHO products available in England; b) Explores the potential benefits of home ownership to the individual in the form of wealth creation, “mainstreaming” and security of place; c) Sets out key additional policy objectives of LCHO, in particular introducing and supporting tenure mix (sustainable communities) and sustaining the opportunity for continued use of the subsidy to provide access to LCHO for intermediate income households; and d) Evaluates the extent to which the different products available deliver both the individual benefits of home ownership and support the wider policy objectives.


ISBN: 9781409438540

S Gardner and K Davidson, 'The Supreme Court on Family Homes - Jones v Kernott' (2012) 128 Law Quarterly Review 178   [Case Note]

Courses

The courses we offer in this field are:

Undergraduate

FHS (Phase II)

The degree is awarded on the basis of nine final examinations at the end of the three-year course (or four years in the case of Law with Law Studies in Europe) and (for students who began the course in October 2011 or later) an essay in Jurisprudence written over the summer vacation at the end of the second year. Note: the Jurisprudence exam at the end of the third year is correspondingly shorter. This phase of the Final Honour School includes the third term of the first year, and all three terms of the second year.

Land Law

The focus of attention within the course is on interests in land: interests which do not merely operate not merely between the parties to a particular transaction involving the land, but can also affect third parties - other people coming into contact with it, such as later purchasers. Examples of such interests are the fee simple (virtually equivalent to ownership of the land), leases, easements and mortgages. The course concerns itself with questions such as: What interests count as interests in land? How are they created? Exactly when will they affect third parties?

Land Law has a well established set of principles, often regulated by statute, to govern it. In part this is because people dealing with land need to know with certainty what the result of a particular transaction will be. Even so, there are many areas of the subject which are currently being developed by case law.

The course is not about conveyancing, the buying and selling of land. It is true, however, that in Land Law we are conscious of the needs of purchasers. Thus, for example, the circumstances in which purchasers will be bound by interests are inextricably tied in with the way land is bought and sold.Land Law covers material in the “foundations of legal knowledge” and so must be taken by those seeking a professional qualification in England and Wales. Candidates in the FHS examination must offer both Land Law and Trusts.

The subject is taught in tutorials by your college tutor. For an introduction to the subject see Simon Gardner with Emily MacKenzie, An Introduction to Land Law (Hart Publishing, 3rd edn, 2012).

FHS - Final Year (Phase III)

The degree is awarded on the basis of nine final examinations at the end of the three-year course (or four years in the case of Law with Law Studies in Europe) and (for students who began the course in October 2011 or later) an essay in Jurisprudence written over the summer vacation at the end of the second year. Note: the Jurisprudence exam at the end of the third year is correspondingly shorter. This phase of the Final Honour School includes the first and second term of the final year; the Final Examinations are taken in the third term of the final year.

Commercial Leases (not offered in 2012-13)

A majority of commercial property (shops, offices, and industrial units) is rented property. Leasehold commercial property is therefore very important to the UK economy and to legal practice. This course will provide an understanding of the legal relationship of landlord and tenant in the context of the letting of commercial property. It will encourage students to think about the lease as a contractual arrangement, a proprietary estate and as a regulated instrument, and what the appropriate way is to regulate the division of interest between landlord and tenant. It should appeal to students who have enjoyed contract law, but also builds on aspects of the land law course.

For tenants, flexibility is important. If the business is successful, and its location important, it will want to stay put, even after the lease ends. If the business grows or shrinks it may need to be able to get out of the lease, by selling it or surrendering it. For many landlords, the lease is an investment and they will focus on the lease as a tool for guaranteed, low risk, but rising income. Both parties will want a property that is well maintained, but who should pay for this? The course will look at how leases balance these interests through the contract, but also at when the government has stepped in to regulate.

There are three main stages in the leasehold relationship: entering into the lease, management issues, and ending the relationship. The major influence upon the legal relationship of landlord and tenant is the lease contract negotiated between the parties. The course will therefore look at how leases are distinguishable from other occupancy relationships, and the main terms that appear in leases. In doing so, it will consider the range of factors that influence the content of the lease, such as the type and location of property, the relative negotiating strength of the parties, and wider economic and social policies. The course will also explore how leases provide for management of the property during the lease: allocating responsibility and liability for repair, how the property can be used, reviewing the rent, and servicing the property. As estates, leases can be ‘sold’ or assigned: the course will look at the ability of landlords to control the disposition of leasehold interests, and the impact that this has upon the enforcement of the leasehold covenants between both the original landlord and tenant, and between the current landlord and tenant. It will also look at rights that the tenant has to renew the lease at the end of the term. Leases usually contain ‘forfeiture’ provisions, enabling the landlord to end the lease early in the event of tenant default and the course will look at how this right has been regulated by common law and statute.

Exploring the legal relationship will, therefore, involve looking at the application of principles of land law and contract law that law students will already have encountered (such as the distinction between leases and licences, and principles of contractual interpretation) as well as the law (both statutory and common law) specific to commercial leases.

Diploma in Legal Studies

Land Law

The focus of attention within the course is on interests in land: interests which do not merely operate not merely between the parties to a particular transaction involving the land, but can also affect third parties - other people coming into contact with it, such as later purchasers. Examples of such interests are the fee simple (virtually equivalent to ownership of the land), leases, easements and mortgages. The course concerns itself with questions such as: What interests count as interests in land? How are they created? Exactly when will they affect third parties?

Land Law has a well established set of principles, often regulated by statute, to govern it. In part this is because people dealing with land need to know with certainty what the result of a particular transaction will be. Even so, there are many areas of the subject which are currently being developed by case law.

The course is not about conveyancing, the buying and selling of land. It is true, however, that in Land Law we are conscious of the needs of purchasers. Thus, for example, the circumstances in which purchasers will be bound by interests are inextricably tied in with the way land is bought and sold.Land Law covers material in the “foundations of legal knowledge” and so must be taken by those seeking a professional qualification in England and Wales. Candidates in the FHS examination must offer both Land Law and Trusts.

The subject is taught in tutorials by your college tutor. For an introduction to the subject see Simon Gardner with Emily MacKenzie, An Introduction to Land Law (Hart Publishing, 3rd edn, 2012).

Postgraduate

MJur

Our taught postgraduate programme, designed to serve outstanding law students from civil law backgrounds.

Land Law (also part of the BA course)

The focus of attention within the course is on interests in land: interests which do not merely operate not merely between the parties to a particular transaction involving the land, but can also affect third parties - other people coming into contact with it, such as later purchasers. Examples of such interests are the fee simple (virtually equivalent to ownership of the land), leases, easements and mortgages. The course concerns itself with questions such as: What interests count as interests in land? How are they created? Exactly when will they affect third parties?

Land Law has a well established set of principles, often regulated by statute, to govern it. In part this is because people dealing with land need to know with certainty what the result of a particular transaction will be. Even so, there are many areas of the subject which are currently being developed by case law.

The course is not about conveyancing, the buying and selling of land. It is true, however, that in Land Law we are conscious of the needs of purchasers. Thus, for example, the circumstances in which purchasers will be bound by interests are inextricably tied in with the way land is bought and sold.Land Law covers material in the “foundations of legal knowledge” and so must be taken by those seeking a professional qualification in England and Wales. Candidates in the FHS examination must offer both Land Law and Trusts.

The subject is taught in tutorials by your college tutor. For an introduction to the subject see Simon Gardner with Emily MacKenzie, An Introduction to Land Law (Hart Publishing, 3rd edn, 2012).


People

Land Law teaching is organized by a Subject Group convened by:

Simon Gardner: Professor of Law

in conjunction with:

Michael Ashdown: Fellow and Tutor in law at Somerville College
Alexandra Braun: CUF Lecturer
Adrian Briggs: Professor of Private International Law
Susan Bright: Professor of Land Law, McGregor Fellow
John Cartwright: Professor of the Law of Contract
Mike Macnair: CUF Lecturer
Jeremias Prassl: Supernumerary Teaching Fellow in Law
Roger Smith: CUF Lecturer
William Swadling: Reader in Property Law

Also working in this field, but not involved in its teaching programme:

Nicholas Bamforth: CUF Lecturer
Peter Clarke: Retired. Formerly Lecturer
Derek Davies: Retired. Formerly Fellow and Tutor in Law at St Catherine's
Jeffrey Hackney: Retired. Formerly Fellow and Tutor in Law at Wadham and St Edmund Hall
Peter Hayward: Retired. Formerly Fellow of St Peter's
Derek Wood: Retired. Formerly Principal of St Hughs

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Personal Property

Discussion Groups

These self-sustaining groups are an essential part of the life of our graduate school. They are organised in some cases by graduate students and in others by Faculty members and meet regularly during term, typically over a sandwich lunch, when one of the group presents work in progress or introduces a discussion of a particular issue or new case. They may also encompass guest speakers from the faculty and beyond.

Property Law Discussion Group

Publications

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S Green, 'Theft and Conversion' (2012) Law Quarterly Review 564 [...]

An examination of the difference between the criminal and civil law treatment of interferences with personal property, with particular attention paid to intangibles and money. The thesis essentially concludes that the criminal law's approach is both more coherent and appropriate to modern forms of property.


S Green and John Randall QC, The Tort of Conversion (shortlisted for the Inner Temple Book Prize 2011) (Hart 2009)

S Green, 'To Have and to Hold? Conversion and Intangible Property' (2008) 71 Modern Law Review 114

S Green, 'Can a Digitized Product be the Subject of Conversion?' [2006] LMCLQ 568

J S Getzler, 'Unclean Hands and the Doctrine of Jus Tertii' (2001) 117 Law Quarterly Review 565   [Case Note] [...]

The nature of titles to personal property as ranked rights to possession is analysed in relation to a case where the legal basis for police confiscation ended, so leaving a presumed thief with a superior title. The illegality or viciousness of the earlier possession was not a bar to title.


ISBN: 0023-933X

Courses

The courses we offer in this field are:

Undergraduate

FHS - Final Year (Phase III)

The degree is awarded on the basis of nine final examinations at the end of the three-year course (or four years in the case of Law with Law Studies in Europe) and (for students who began the course in October 2011 or later) an essay in Jurisprudence written over the summer vacation at the end of the second year. Note: the Jurisprudence exam at the end of the third year is correspondingly shorter. This phase of the Final Honour School includes the first and second term of the final year; the Final Examinations are taken in the third term of the final year.

Personal Property

The objective of this course is to provide students with an overview of the law of personal property, focusing in particular on underlying concepts and subjecting those concepts to a detailed, critical examination. The course aims to broaden students’ knowledge by introducing them to fundamental ideas which the FHS compulsory subjects do not cover: such as the role of the tort of conversion in protecting interests in property; and the means by which gifts of interests in property can be made. The course further aims to deepen students’ understanding of important concepts which feature in the core subjects of Land Law and Trusts: students will be re-introduced to and, more importantly, invited to re-examine concepts such as the nature of ownership and the need for security of transactions.This special subject may not be taken by any student who is also taking the standard subject Principles of Commercial Law.

i) Introductory Seminar/Lecture: 1 x 2hr session
ii) Seminars: 7 x 2hr sessions
iii) Tutorials: 4 x 1hr sessions

These sessions will be spread over MT and HT.


People

Personal Property teaching is organized by a Subject Group convened by:

Simon Douglas: CUF Lecturer

in conjunction with:

Roger Smith: CUF Lecturer
William Swadling: Reader in Property Law

Also working in this field, but not involved in its teaching programme:

Sarah Green: CUF Lecturer
Emily Hudson: CDF in IP Law

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Trusts

Publications

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2013

S Gardner, 'Persistent Rights Appraised' in N Hopkins (ed), Modern Studies in Property Law, Vol 7 (Hart Publishing 2013) (forthcoming)

2012

J S Getzler, 'Assignment of Future Property and Preferences' in J Glister and P Ridge (eds), Fault Lines in Equity (Hart Publishing 2012) [...]

An investigation of a flashpoint in the judicial control of insolvency. I examine how the equitable law of future assignments, designed to enforce paid-for promises and uphold the interests of assignees, is in tension with another 'equitable' policy established by statute, namely the jurisdiction to prevent preferential assignments that tend to defraud creditors by blocking recourse against debtors' assets. The High Court of Australia has been particularly active in this area, issuing an important judgments from the early 20th century to the present day. This body of law demonstrates the intermingling of equity jurisprudence and statute.


ISBN: 9781849462198

M Ashdown, 'Publication Review: The Law of Unincorporated Associations' (2012) 128 LQR 616   [Review]

2011

J S Getzler, ''As If'. Accountability and Counterfactual Trust' (2011) 91 Boston University Law Review 931 [...]

Law sustains trust in fiduciaries not primarily by ordering redress of losses caused by a falling below fiduciary standards, but rather by requiring that the fiduciary be induced to act as if those standards were met. Wherever possible, the fiduciary is estopped from acting in reliance on the breach, and instead is asked to cure the breach by positive performance of duty. As a fiduciary, you do not keep the illegal profit and proffer compensation for any ensuing loss; rather, you hold the profit for the beneficiary as you always should have done, with loss measures calculated to level any shortfall. This "as if" trusting, enforced by law, solves the conundrum that complete trust properly requires no enforcement, but is self-enforcing, or better, self-fulfilling. This thesis is explored and justified through an examination of the history of accountability and allied modern doctrines controlling fiduciaries who breach their trust.


ISBN: 0006-8047

S Gardner, An Introduction to the Law of Trusts, 3rd edition (Oxford University Press, Clarendon Law Series 2011) [...]

Cited in Independent Trustee Services Ltd v G P Noble Trustees Ltd [2012] EWCA Civ 195, [82] (Lloyd LJ)


Courses

The courses we offer in this field are:

Undergraduate

FHS (Phase II)

The degree is awarded on the basis of nine final examinations at the end of the three-year course (or four years in the case of Law with Law Studies in Europe) and (for students who began the course in October 2011 or later) an essay in Jurisprudence written over the summer vacation at the end of the second year. Note: the Jurisprudence exam at the end of the third year is correspondingly shorter. This phase of the Final Honour School includes the third term of the first year, and all three terms of the second year.

Trusts

The institution of the Trust is one of the most important ideas in English law. Its very definition is heavily contested, but most would agree that a trust arises where someone (a trustee) nominally owns property, and may wield many of the powers of ownership, but is generally unable to take advantage of that ownership. Instead the trustee-owner holds the property to the benefit of some other person (known as a beneficiary), a class of persons, or an object such as a charitable purpose bringing benefit to the public. Trusts can arise in two main ways – by intention; or because the law has other reasons to make an owner into a trustee. The purpose of the intentional trust is to transfer wealth in a more complex way than would be easy or possible to achieve by straight-out conveyance, such as to have the property distributed on particular terms and conditions, or to disperse ownership to win tax advantages, or to allow ongoing management of the asset. There are myriad situations in which the law has other reasons to make an owner of property into a trustee; one very important one is where a couple’s home is nominally owned by only one partner, but the other partner deserves a share in it. The course looks at the scenarios in which the different kinds of trusts arise, and at how they behave.

In one respect, the course also looks outside trusts. A trustee is a fiduciary, being someone having a duty to act for another’s benefit through the control of property. But there are other examples of fiduciaries too, such as solicitors, who must act for their clients’ benefit; or agents who can contract on behalf of their principals. The course looks at the law’s control of fiduciaries in general, whether they are trustees or persons otherwise charged with promoting the interests of others.

Trusts is one of the compulsory standard subjects within the Final Honours School syllabus. It also covers material in the “foundations of legal knowledge” and so must be taken by those seeking a professional qualification in England and Wales.

Diploma in Legal Studies

Trusts

The institution of the Trust is one of the most important ideas in English law. Its very definition is heavily contested, but most would agree that a trust arises where someone (a trustee) nominally owns property, and may wield many of the powers of ownership, but is generally unable to take advantage of that ownership. Instead the trustee-owner holds the property to the benefit of some other person (known as a beneficiary), a class of persons, or an object such as a charitable purpose bringing benefit to the public. Trusts can arise in two main ways – by intention; or because the law has other reasons to make an owner into a trustee. The purpose of the intentional trust is to transfer wealth in a more complex way than would be easy or possible to achieve by straight-out conveyance, such as to have the property distributed on particular terms and conditions, or to disperse ownership to win tax advantages, or to allow ongoing management of the asset. There are myriad situations in which the law has other reasons to make an owner of property into a trustee; one very important one is where a couple’s home is nominally owned by only one partner, but the other partner deserves a share in it. The course looks at the scenarios in which the different kinds of trusts arise, and at how they behave.

In one respect, the course also looks outside trusts. A trustee is a fiduciary, being someone having a duty to act for another’s benefit through the control of property. But there are other examples of fiduciaries too, such as solicitors, who must act for their clients’ benefit; or agents who can contract on behalf of their principals. The course looks at the law’s control of fiduciaries in general, whether they are trustees or persons otherwise charged with promoting the interests of others.

Trusts is one of the compulsory standard subjects within the Final Honours School syllabus. It also covers material in the “foundations of legal knowledge” and so must be taken by those seeking a professional qualification in England and Wales.

Postgraduate

MJur

Our taught postgraduate programme, designed to serve outstanding law students from civil law backgrounds.

Trusts (also part of the BA course)

The institution of the Trust is one of the most important ideas in English law. Its very definition is heavily contested, but most would agree that a trust arises where someone (a trustee) nominally owns property, and may wield many of the powers of ownership, but is generally unable to take advantage of that ownership. Instead the trustee-owner holds the property to the benefit of some other person (known as a beneficiary), a class of persons, or an object such as a charitable purpose bringing benefit to the public. Trusts can arise in two main ways – by intention; or because the law has other reasons to make an owner into a trustee. The purpose of the intentional trust is to transfer wealth in a more complex way than would be easy or possible to achieve by straight-out conveyance, such as to have the property distributed on particular terms and conditions, or to disperse ownership to win tax advantages, or to allow ongoing management of the asset. There are myriad situations in which the law has other reasons to make an owner of property into a trustee; one very important one is where a couple’s home is nominally owned by only one partner, but the other partner deserves a share in it. The course looks at the scenarios in which the different kinds of trusts arise, and at how they behave.

In one respect, the course also looks outside trusts. A trustee is a fiduciary, being someone having a duty to act for another’s benefit through the control of property. But there are other examples of fiduciaries too, such as solicitors, who must act for their clients’ benefit; or agents who can contract on behalf of their principals. The course looks at the law’s control of fiduciaries in general, whether they are trustees or persons otherwise charged with promoting the interests of others.

Trusts is one of the compulsory standard subjects within the Final Honours School syllabus. It also covers material in the “foundations of legal knowledge” and so must be taken by those seeking a professional qualification in England and Wales.


People

Trusts teaching is organized by a Subject Group convened by:

Simon Gardner: Professor of Law

in conjunction with:

Michael Ashdown: Fellow and Tutor in law at Somerville College
Alexandra Braun: CUF Lecturer
Simon Douglas: CUF Lecturer
Joshua Getzler: Professor of Law and Legal History
James Goudkamp: University Lecturer (CUF)
Katharine Grevling: CUF Lecturer
Jennifer Payne: Professor of Corporate Finance Law
Edwin Simpson: CUF Lecturer
Roger Smith: CUF Lecturer
William Swadling: Reader in Property Law

Also working in this field, but not involved in its teaching programme:

Peter Clarke: Retired. Formerly Lecturer
Tatiana Cutts: DPhil Law student
Andrew Dyson: College Lecturer and Tutor in Law
Mark Freedland: Emeritus Professor of Employment Law
Jeffrey Hackney: Retired. Formerly Fellow and Tutor in Law at Wadham and St Edmund Hall
Ann Kennedy: Retired. Formerly Lecturer
Charles Mitchell: Visiting Professor

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