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This seventh edition of the classic text The Modern Law of Trusts sets out the underlying principles which govern this area of law, and explores in detail the administration of trusts. A J Oakley draws on a wealth of experience in both teaching and practice to provide the reader with an accessible guide to the law and the overall function of trusts. This edition offers new chapters on Pension Trusts and the Conflict of Trusts, whilst other chapters have been restructured to make them more accessible to the reader. The Modern Law of Trusts will be welcomed by teachers and students at undergraduate level, vocational students and practitioners.