Resulting trust

A resulting trust is a situation where property "results" back to the transferor. In this instance, the word 'result' means "in the result, remains with", or something similar to "revert" except that in the result the settlor never effectively parted with his beneficial interest.A resulting trust generally occurs in two situations when legal property is transferred: The settlor tries to set up a trust for a third party, but fails to transfer the beneficial interest (for example, by naming a non-existent beneficiary). The settlor intends to retain the beneficial interest in the property, but transfers the legal title to someone else (for example, to let an active child manage the assets). The trust is implied by the settlor's lack of intention to transfer any beneficial interest
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Noun
1. a trust created by a court when it is judged that it was the intention of the parties to create a trust
(hypernym) implied trust

A trust that is presumed by the court from certain situations. - (read more on Resulting trust)