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The settler has no enforceable rights, because he or she retains no interest in the property (assuming he or she is not a trustee or beneficiary);

viii) it is possible to have a trust of any type of property. This was the original meaning of the equitable maxim equity follows the law.

CONSTITUTION OF A TRUST

In order for a valid private trust to come into existence, the following two elements are both necessary and sufficient:

i) There must be a manifest intention on the part of the settlor to create a trust (and not to effect some other kind of transaction, such as making an outright gift or loan)...

The settler has no enforceable rights, because he or she retains no interest in the property (assuming he or she is not a trustee or beneficiary);

viii) it is possible to have a trust of any type of property. This was the original meaning of the equitable maxim equity follows the law.

CONSTITUTION OF A TRUST

In order for a valid private trust to come into existence, the following two elements are both necessary and sufficient:

i) There must be a manifest intention on the part of the settlor to create a trust (and not to effect some other kind of transaction, such as making an outright gift or loan)...

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