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Three Certainties, focus on precatory or imperative words- now greater…
Three Certainties
Certainty of Intention
look at words used
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precatory
phrases such as 'in the hope that', 'with the desire that', beseeching you
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Staden v Jones part of divorce settlement mother waives interest in family home, goes to daughter on fathers death, remarried, did 2nd wife have entitlement to house - court held - original agreemnt intended to create trust - holistic approach
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if words imperative place obligation on donee, if precaratory don't put any obligation on donee
historic view - Nowlan v Nelligan interpreted some seemingly precatory words as intention to create trust
stricter approach now Adams and Kensington Vestry older authorities went too far, look at whole of will
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Krayford mail order company wanted to put customers money in trust so they're refunded if became insolvent - trust created
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Farepak directors place pre payments in seperate account - trust didn't arive - didnt want unlawful preference in favour of customers
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Knight v Knight
characterised 3 certainties - look at words used, subject be certain, objects or persons or intended beneficiaries certain
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