constructive trust

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Noun

constructive trust - a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights

involuntary trust

implied trust - a trust inferred by operation of law

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implied trust

involuntary trust

Normally, a Callahan Trust is a constructive trust, under which the employee-spouse holds stock options or restricted stock for the benefit of the nonemployee-spouse.

Limits on rulings on NQSOs in divorce by Gibson, Dan / The Tax Adviser

The court held that the divorce decree created a "constructive trust" to protect the interest awarded to the former spouse in the pension plan even though the divorce decree did not use the words constructive trust.

Is your retirement plan really safe? Protect your clients' assets ... by Altieri, Mark P. / Journal of Accountancy

I have a constructive trust interest because they used my money to buy it and it is attached to my proof of claim," she explained.

Owner in dispute over estate by Weiss, Lois / Real Estate Weekly

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