72.320 Implied Trusts; Resulting Trust | Pdf Doc Docx | Georgia_JI

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72.320 Implied Trusts; Resulting Trust | Pdf Doc Docx | Georgia_JI

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72.320 Implied Trusts; Resulting Trust

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72.320 Implied Trusts; Resulting Trust A resulting trust is a trust implied for the benefit of the settlor or the settlor's successors in interest when it is determined that the settlor did not intend that the holder of the legal title to the trust property also should have the beneficial interest in the property under any of the following circumstances: a. a trust is created but fails, in whole or in part, for any reason; b. a trust is fully performed without exhausting all the trust property; or c. a purchase money resulting trust as defined (below) is established. O.C.G.A. §53-12-91

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