... a trust'. The wording of the letter also tells the reader it is a three party trust as John, the beneficiary is notifying an outside trustee, Lloyds Bank that he wishes to transfer beneficial interest from himself to that of Alice, the a new beneficiary to the trust created by his father. This transition also demonstrates that this is an existing trust as John's phone call is indicating a change of beneficiaries. Once the basic facts of the trust are identified it is essential to look at the three certainties in order to classify this as legally binding. The first identifiable area is the intention, John's wishes are clearly stated in his letter to Alice and he had instructed the bank regarding the transfer. The subject matter of the trust is also confirmed as John clearly specifies his beneficial interest is the subject and by stating 'existing' he shows that ...

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