Implied Trust Law and Legal Definition
An implied trust is a trust inferred by operation of law. It is imposed by law to situations either by presuming an intention of the participants to create a trust, or simply because of the facts at hand. Two types of implied trusts are constructive and resulting trusts. A resulting trust arises from the conduct of the parties. A constructive trust is an equitable remedy that enables plaintiffs to recover property or damages from defendants who would otherwise be unjustly enriched.
