Constructive Trust. A constructive trust is not an actual trust by the traditional definition. It is a legal fiction that is used as a remedy for unjust enrichment. Hence, there is no trustee, but the constructive trust orders the person who would otherwise be unjustly enriched to transfer the property to the intended party. wex: COMMERCE.
In the past, quitclaim deeds gave complete ownership to the holder after seven years of uncontested use â even if the person who gave you the deed wasnât the real owner. Now, itâs not as simple. More documentation is required as listed in the Official Code of Georgia.
Report Abuse. As long as you need them. Sorry, not trying to be a wise-guy with that. Tax documents such as payroll stubs, cancelled checks for deductible items, etc. 3 years from the end of the year in which the taxes were due. Best to keep them for 5 years, however. Pay stubs (or W-2s) and possibly tax returns should be kept forever if you think you may need proof of income for Social Security purposes. Real estate documents: As long as you own the property + 3 - 5 years for tax purposes. Other receipts: As long as the warranty runs, for proof of purchase.