Pearce and Stevens: The Law of Trusts and Equitable Obligations offers students a stimulating, contemporary perspective on a subject which is often perceived to be anachronistic, dry, abstract, academic, remote and difficult. It provides comprehensive coverage of the syllabuses for the overwhelming majority of degree level courses on the law of equity and trusts. This third edition of Pearce and Stevens: The Law of Trusts and Equitable Obligations has been substantially revised to take into account the many significant developments that have occurred in the four years since the second edition was published. This new edition retains the character of its predecessor, examining the law of trusts from a modern conceptual perspective and introducing students to areas where trusts enjoy practical significance.