1
Q
What is required for a future interest to accelerate (i.e. enable possession of future interest holder immediately)? - obvious
A
If the present holder loses his right to the property OR
Present holder disclaims his interest
Trusts and Estates
flashcards
Decks in class (20)
# Cards
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A. Trust Creation8
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B. Types of Trusts10
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D. Cy Pres Doctrine2
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E. Restraints on Alienation and Rights of Creditors5
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F. Powers of Invasion1
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G. Modification of Trust1
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H. Termination of Trust3
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I. Powers and Duties of Trustees8
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J. Future Interests1
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K. Powers of Appointment (i.e. power of appointing the property)5
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L. Rule Against Perpetuities/Class Gifts3
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A. Intestate Succession (ie succession without a will)5
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B. Will Execution Requirements6
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C. Incorporation by Reference1
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D. Revocation of Will4
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E. Revival1
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G. Distribution of Property5
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H. Construction Problems10
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K. Gifts to Children, L. Family Protection2
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M. Will Contests3
