Legal, practical implications of holding property ‘in trust’

By Laura Gurr ( August 8, 2023, 10:21 AM EDT) -- There are many reasons why an individual or a company may hold property in trust. This is a fundamental aspect of property law that involves the balancing of legal rights, intentions and practical considerations. The case of Townsend v. Donohue [2023] B.C.J. No. 779, recently decided by the British Columbia Supreme Court, provides a compelling example of the complexities that can arise when individuals hold property in trust arrangements....
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