SNC Law Becomes Shea Nerland
Shea Nerland has a new name, a new look and a new location. Learn more about our new branding and our updated space in downtown Calgary.Learn More
The key takeaway is that the resulting trust is a legal relationship or vehicle that affords a remedy to a party who advances money towards the purchase of a property even though that party does not have an agreement with its counterpart. Of course, the problem with a party’s reliance on the resulting trust lies in the fact that litigation will likely be required to actually enforce on that resulting trust in the event that the counterparty decides to renege on the ostensible agreement that was originally struck. Entering into binding and enforceable contracts saves a lot of headache (not to mention time and money).