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- A secret trust is a trust which arises when property is left to a person (the legatee) under a will on the understanding that they will hold the property as trustee for the benefit of beneficiaries who are not named in the will. Secret trusts are divided into two types:
* Fully secret trusts, where the will is totally silent as to the existence of a trust; and
* Semi secret trusts or half secret trusts, where the will provides that the legatee is to hold the property on trusts, but does not specify the terms of the trust or the beneficiary. Secret trusts are something of a historical anachronism. They arose because in most common law jurisdictions, wills are public documents after they have been admitted to probate, and where the testator wishes to leave a legacy to (for example) a mistress or an illegitimate child without causing pain or embarrassment to his family, he could devise the property to a trusted person to avoid the name of the mistress or illegitimate child appearing in the will. They fall outside of the Wills Act. Despite their rarity, secret trusts still remain a staple of many law courses at university level, as they represent a rare exception to the rule that any disposition on death must be by way of a will (or a document incorporated by reference into a will) which complies with the applicable statutory requirements in the relevant jurisdiction. Historically, the courts have felt it more important to uphold the rights of the putative beneficiary and to avoid the unjust enrichment of the legatee than to uphold the general rule of public policy that property must devolve by will on death. The All-Woman Supreme Court in Texas was convened to deal with the results of a secret trust. (en)
- 비밀신탁은 영미 신탁법상 신탁의 한 종류로 유언서에 신탁수혜자를 명시하지 않고 타인에게 신탁수혜자에게 신탁의 혜택을 보도록 합의하여 설정하는 신탁이다. 유언서가 신탁의 수혜자를 명시하지 않은 경우 신탁이 자동으로 무효가 되는 것은 아니고 법원이 다는 추가적인 증거를 참고하여 수혜자를 판단하게 된다. 그런 경우 추정신탁의 법리를 사용하여 신탁을 설정하게 된다. (ko)
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- 비밀신탁은 영미 신탁법상 신탁의 한 종류로 유언서에 신탁수혜자를 명시하지 않고 타인에게 신탁수혜자에게 신탁의 혜택을 보도록 합의하여 설정하는 신탁이다. 유언서가 신탁의 수혜자를 명시하지 않은 경우 신탁이 자동으로 무효가 되는 것은 아니고 법원이 다는 추가적인 증거를 참고하여 수혜자를 판단하게 된다. 그런 경우 추정신탁의 법리를 사용하여 신탁을 설정하게 된다. (ko)
- A secret trust is a trust which arises when property is left to a person (the legatee) under a will on the understanding that they will hold the property as trustee for the benefit of beneficiaries who are not named in the will. Secret trusts are divided into two types:
* Fully secret trusts, where the will is totally silent as to the existence of a trust; and
* Semi secret trusts or half secret trusts, where the will provides that the legatee is to hold the property on trusts, but does not specify the terms of the trust or the beneficiary. (en)
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- 비밀신탁 (ko)
- Secret trust (en)
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