Bullard v. Bullard

Head, Justice.

Trusts are either express or implied; implied trusts are such as are inferred by law from the nature of the transaction or from the conduct of the parties. Code § 108-104. Trusts are implied whenever the legal title is in one person, but the beneficial interest, either from the payment of the purchase money or other circumstances, is either wholly or partially in another. Code § 108-106.

“An implied trust results from the fact that one person’s money has been invested in land and the conveyance taken in the name of another. It is a mere creature of equity.” McCollum v. McCollum,…