Inner Checklist

Question 1

Types of Trusts

Answer 1

1. Pour-Over Will
2. SecretSemi-Secret
3. Spendthrift/Support/Discretionary
4. Blended/Protective
5. Charitable
   
   • Cy Pres Doctrine
6. Honorary
7. Trusts by Operation of Law
   
   • Resulting Trust
   • Constructive Trust

Question 2

Trust Supervision

Answer 2

1. Trustee’s Authority
2. Trustee’s Obligations
3. Trustee’s Liabilities
4. Third Party Liability
5. Allocation of Principal/Income/Expenses

Question 3

Beneficiaries Rights

Answer 3

1. Alienability

Question 4

Modification

Answer 4

1. Amendment/Revocation of Trust
2. Termination of Trust
   
   • Trustee
   • Beneficiary
   • Judicial
   • Operation of Law