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12 - Trust Law and AI

from Part I - Law of Obligations

Published online by Cambridge University Press:  21 March 2024

Ernest Lim
Affiliation:
National University of Singapore
Phillip Morgan
Affiliation:
University of York
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Summary

AI will greatly assist in the administration of express and charitable trusts and also be of significant benefit to trust law in acting as an adjudicator. AI should be able to act as an acceptable trustee of an express trust, and resulting trusts do not insurmountably challenge AI, either as trustees or adjudicators. The proposition that discretionary trusts are unsuited to AI administration can be rejected along with the notion that the discretionary nature of remedies makes this area of law unsuited to AI adjudication. Although constructive trusts may pose some difficulties for AI, this may be solved through legal reform. Further, the difficulties that AI trustees will create are not incapable of practical solutions.

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Publisher: Cambridge University Press
Print publication year: 2024

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  • Trust Law and AI
  • Edited by Ernest Lim, National University of Singapore, Phillip Morgan, University of York
  • Book: The Cambridge Handbook of Private Law and Artificial Intelligence
  • Online publication: 21 March 2024
  • Chapter DOI: https://doi.org/10.1017/9781108980197.014
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  • Trust Law and AI
  • Edited by Ernest Lim, National University of Singapore, Phillip Morgan, University of York
  • Book: The Cambridge Handbook of Private Law and Artificial Intelligence
  • Online publication: 21 March 2024
  • Chapter DOI: https://doi.org/10.1017/9781108980197.014
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Trust Law and AI
  • Edited by Ernest Lim, National University of Singapore, Phillip Morgan, University of York
  • Book: The Cambridge Handbook of Private Law and Artificial Intelligence
  • Online publication: 21 March 2024
  • Chapter DOI: https://doi.org/10.1017/9781108980197.014
Available formats
×