This class was created by Brainscape user Tyler Butt. Visit their profile to learn more about the creator.
By:
Tyler Butt
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Decks in this class (13)
Scope of VA UTC
What is an express trust,
What is a constructive trust,
What is a resulting trust
17
cards
Creating the trust
What are the 5 ways to create a t...,
Requirements for the creation of ...,
Requirements for the creation of ...
16
cards
Spendthrift Trusts and creditor rights
The default rule is,
Spendthrift trust,
How does a spendthrift trust work
12
cards
Revocable Trusts
Pour over trust,
Presumption of revocability,
In a revocable trust beneficiary ...
7
cards
Other Non probate items
Joint bank accounts,
Paid on death accounts,
Uniform transfers to minors act
3
cards
Trustee Duty of Loyalty
Duty of loyalty,
Under the duty of loyalty a trans...,
There is a presumption of conflic...
3
cards
Trustee Duty of Impartiality
Uniform fiduciary and principal i...,
Allocation of income,
Trust principal is
6
cards
Trustees Duty of Prudence
The uniform prudent investor act ...,
Standard of prudent investor,
No hindsight
11
cards
Breach of obligations
Remedies for breach of trust may ...,
Amount of damages,
Contribution from co trustee
4
cards
Trust Administration without judicial intervention
Transfer of principal place of ad...,
Termination of uneconomic trust s,
Preserving assets without accepti...
8
cards
Provisions protecting Trustees
Contracts,
Torts,
Investment in partnerships
4
cards
Trustee Removal
Common law grounds for removal,
Statutory grounds for trustee rem...
2
cards
Reporting and Disclosure Rules
Default rules,
Default rules for irrevocable trusts,
Waiver
3
cards
More about
Trusts
- Class purpose General learning
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