This clearly written book focuses on the key themes of an undergraduate course in trusts. This edition has been thoroughly updated and re-worked to enhance accessibility while stimulating thought and insight in students. Complex issues are explained clearly but without over-simplification. New material on equity, pensions, proprietary estoppel, charity, and constructive trusts is included to bring the book in line with modern courses on trusts and to engage students in real-life issues for debate. As a further aide to understanding, expanded further reading sections and end-of-chapter questions are included alongside analysis of selected readings to guide the interested reader to relevant sources and ideas. Applications of the law to real-life examples of trusts are added, with the focus being on a fresh and stimulating exposition throughout. An Online Resource Centre containing updates, essay questions, summaries of selected further reading and web links accompanies the book.