Write a well researched essay. The focus should touch upon strangers liability, implied and express trust, tracing etc. It should be easy to read but have a good academic writing style. Should explain the question and provide authors own opinion after criticisms of the way forward and how the system can be improved

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While equity as a system of law was established upon good conscience and judicial discretion, the trust has evolved beyond the confines of these ambiguous principles. It is essential that there be sufficient certainty demonstrated by the settlor before a trust can be found in England & Wales. This applies to both express and implied trusts, which are both of equal importance in the modern law of equity.’
Critically analyse this statement.

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