What is a Sham?
In the context of a trust law, a sham is an appearance of a transaction that creates a binding trust, but its substance is that the settlor remains the beneficial ownership of, and has effective control, over the trust property. When a purported trust is, in fact, an attempt to deceive and achieve some other purpose such trust can be established to be an invalid trust, a sham.
Anna Filonenko, Ph.D in Law, is an expert in criminal law
The abstract/extract view of this article is free. Access to the full text of this article requires a subscription.
Please send subscription inquiries by:
Phone: +380 44 495-27-27