This classic text sets out the underlying principles which govern this area of law and explores in a very practical fashion the administration of trusts. This new edition incorporates all the new trusts legislation such as the Trustee Act 2000, along with a wealth of new case law including Twinsectra v Yardley. The chapters on Pensions Trusts and Trusts in the Conflict of Laws have been expanded. All the remaining chapters have been re-formulated and brought fully up-to-date. A J Oakley draws on a wealth of experience in both teaching and practice to provide the reader with a thoroughly updated and accessible guide to the law and the overall function of trusts. This new and updated edition incorporating recent case law and major legislative changes will be welcomed by teachers and students at undergraduate level, vocational students and practitioners.