Also known as an implied trusts. arrise by operation of law when facts and circumstances show that a person had the intent to hold equitable title although legal title is in the hands of another. Imply trustlike relationship with goal of carrying out person's intent. Examples: failure to create an express trust - if did not indicate trust purpose, descibe beneficiaries specifically, or comply with RAP failure of express trust to dispose of all trust property - could have a trust with too big a corpus purchase money resulting trust (PMRT) - if person who pays the price for proeprty does not receive title but directs title to someone else