This class was created by Brainscape user A G. Visit their profile to learn more about the creator.
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A G
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Decks in this class (11)
Introduction
Trusts basic concept 1,
Trust legal interest 2,
Trustee basic role as fiduciary 3
13
cards
Trust Validity
Main elements of a valid trust 1,
Required elements for an express ...,
Settlor capacity 3
31
cards
Transfer of Beneficiary's Interest
Transfer of beneficiary s interes...,
Beneficiary voluntary transfer of...,
Involuntary transfers of benefici...
17
cards
Modification and Termination of the Trust
Termination of trust 1,
Termination by terms of the trust 2,
Termination by the settlor 3
15
cards
Powers of Trustee
Sources of trustee s power 1,
Sources of trustee power under utc 2,
Joint powers 3
7
cards
Charitable and Honorary Trusts
Charitable trusts distinctive rul...,
Charitable trust purpose requirem...,
Charitable trusts language to cre...
12
cards
Trusts Arising as a Matter of Law
Resulting trusts definition 1,
Constructive trusts definition 2,
Types of resulting trusts 3
22
cards
Trust Validity Part 2
Trustee basic req for trust 1,
Acceptance of trusteeship 2,
Trust formation and trustee duties 3
20
cards
Duties of Trustee
Duties of the trustee list 1,
Duty to administer trust basic co...,
Duty to administer trust wrinkles 3
27
cards
Liabilities of Trustee
Remedies for breach of trust 1,
Damages to beneficiaries for brea...,
Virtual representation 3
12
cards
Allocation of Receipts + Expenses Between Income + Principal Accounts
Uniform principal and income act ...,
Upaia duty of fairness 2,
Adjustment power 3
14
cards
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July Exam - Trusts
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