who created these certainties?
UNANSWERABLE
inland revenue commissioners v broadway cottages trust 1955 ch 20 It states that if there are any potential beneficiaries who the trustees are not certain of, or the trustees cannot compile a complete list, the trust is void for uncertainty. what is this three certainties all about? It refers to a rule within English trusts law on the creation of express trusts that, to be valid, the trust instrument must show certainty of intention, subject matter and object. what is the above-mentioned instrument all about? It is an instrument in writing executed by a settlor used to constitute a trust. who is the settlor in this case? He is a trustor, or occasionally, a grantor or donor.
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Settlor [SEP] Introduction
In law a settlor is a person who settles property on trust law for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. Where the trust is a testamentary trust, the settlor is usually referred to as the testator. The settlor may also be the trustee of the trust (where he declares that he holds his own property on trusts) or a third party may be the trustee (where he transfers the property to the trustee on trusts). In the common law of England and Wales, it has been held, controversially, that where a trustee declares an intention to transfer trust property to a trust of which he is one of several trustees, that is a valid settlement notwithstanding the property is not vested in the other trustees.