How does a resulting trust arise when a person contributes to the purchase price of a property and the property is then placed in another person's name?
British Columbia, Canada
The following excerpt is from Ghangas v Ghangas, 2021 BCSC 1630 (CanLII):
A resulting trust arises when a person transfers property or contributes to its purchase price, and the property is then placed in the name of another. The governing factor is the intention of the transferor at the time of the transfer; in particular, whether that person intended to acquire an ownership interest in the property: Scholz v. Scholz, 2013 BCCA 309 at para. 20.
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