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succession and trusts

This class was created by Brainscape user Laura Swanson. Visit their profile to learn more about the creator.

By: Laura Swanson
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Decks in this class (12)

Succession Basics
What is the position of successio...,
When is property transferred,
What are the four types of succes...
34  cards
Testate Succession
What is a testament when can it b...,
G applicantt applicant,
What is the aim of succession
42  cards
Intestate Succession
When can intestacy occur 5,
What legislation governs intestacy,
3 stages of intestacy
15  cards
Trusts Basics
What is a trust,
Benefits of creating a trust,
Inter vivos vs mortis causa
13  cards
Special Destinations and Executries
Two types of destinations,
Conditional vs substitute,
When would a special destination ...
22  cards
Trust Parties
Role of the truster,
Instances where there is no truster,
What are the interests of a truster
19  cards
Trust Patrimony
Dual patrimony theory,
What is the duty of segragation,
What is the effect of joint owner...
5  cards
Creation of Trust
How is an express trust created,
Creation requirements in inter vi...,
What must be included in declaration
7  cards
Trust Administration
Who is responsible for trust admi...,
Where are the powers of trustees ...,
Marquees of lothians cb
9  cards
Duties of Trustees
Why do trustees have duties,
3 basic duties of trustees,
What standard of care to trustees...
12  cards
Breach of Trust
Division of breach of trust,
Lamonds trs v croom,
When can trustee escape liability...
13  cards
Termination of Private Trusts
How can private trust be terminated,
Effect of no trustees,
Exhausation of trust property
7  cards

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succession and trusts

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