Resulting Trust Legal Meaning and Definition

Here is a simplified definition of the legal term Resulting Trust.

Resulting Trust (noun)

A resulting trust is a type of trust created when, either from a legal agreement or from implied circumstances, a person holds property for the benefit of another person. The court identifies this trust based on the understanding that the property holder is holding the property on behalf of the actual owner, even though this may not be directly stated. A resulting trust often arises in cases when the true owner has provided funds to purchase a property, but the title is in someone else's name.