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Trusts

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

By: user delete
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Decks in this class (10)

FIRST CONCEPT: PRIVATE EXPRESS TRUST
Define a private express trust yo...,
What is the corpus of the trust,
What are 5 examples of what can b...
46  cards
SECOND CONCEPT: CHARITABLE TRUSTS
What is a charitable trust under ...,
What is a charitable trust under ...,
Examples of charitable trusts inc...
13  cards
THIRD CONCEPT: POUR-OVER WILLS
What 3 ways are pour over provisi...,
What scenario does a pour over tr...
2  cards
FOURTH CONCEPT: MISCELLANEOUS TRUSTS
What is an honorary trust,
Why is it called an honorary trust,
A trust to further fox hunting wh...
11  cards
FIFTH CONCEPT: RESTRAINTS ON ALINENATION
Settlor creates a private express...,
Settlor creates a private express...,
What must a creditor do to instit...
27  cards
SIXTH CONCEPT: RESULTING TRUSTS
Define a resulting trust,
What if the court decrees a resul...,
Settler creates a trust to enable...
7  cards
SEVENTH CONCEPT: CONSTRUCTIVE TRUSTS
What is a constructive trust used...,
When a court decrees a constructi...,
When a trustee of a private expre...
13  cards
EIGHTH CONCEPT: TRUSTEE POWERS AND DUTIES
What kinds of powers does the tru...,
Define implied power for a trustee,
What are some examples of some im...
59  cards
NINTH CONCEPT: MODIFICATION AND TERMINATION OF TRUSTS
When can the settlor modify the t...,
If the settlor has the power to r...,
What is deviation power
15  cards
TENTH CONCEPT: INCOME & PRINCIPAL (UNIFORM PRINCIPAL AND INCOME ACT)
The life tenant gets what income,
The life tenant s interest pays f...,
Remainderman gets what income
5  cards

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Trusts

  • Class purpose General learning

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