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#constitution #equity #law
If, as in Milroy v Lord (at 5.2 above), the settlor intends to create a settlement by transfer, but fails to vest the legal estate in the trustees, equity will not interpret that transaction as a declaration of trust. The settlor will not be treated as a trustee. A failed method 2 in 5.4 above will not be construed as an effectual method 3.
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