An implied trust is an element of
trust law
A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settl ...
, and refers to a trust that has not been "expressly created by the settlor."
There are two types of implied trust:
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Resulting trust
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Constructive trust
A constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding a legal property right which they should not possess due to unjust enri ...
References
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Common law
Wills and trusts
Equity (law)
Inheritance