Keistler v. Keistler

WYNN, Judge.

A resulting trust may arise when one furnishes the consideration to pay for property, but title is taken in the name of another. The defendants in this case argue that a resulting trust may be imposed in favor of one owner who has paid the consideration for the property against a non-paying joint owner. Because we agree that a resulting trust may be created between co-owners, we reverse the trial court’s grant of summary judgment in favor of the plaintiffs.

The parties in this case dispute the ownership of five parcels of real property located in Mecklenburg County, North Carolina.…