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1 results

  • 12 - Trust Law and AI

  • from Part I - Law of Obligations
  • Edited by Ernest Lim, National University of Singapore, Phillip Morgan, University of York
  • Book:
    The Cambridge Handbook of Private Law and Artificial Intelligence
    Published online:
    21 March 2024
    Print publication:
    28 March 2024, pp 270-286

  • 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.