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 1,
What is a constructive trust 2,
What is a resulting trust 3
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 1,
Spendthrift trust 2,
How does a spendthrift trust work 3
12
cards
Revocable Trusts
Pour over trust 1,
Presumption of revocability 2,
In a revocable trust beneficiary ...
7
cards
Other Non probate items
Joint bank accounts 1,
Paid on death accounts 2,
Uniform transfers to minors act 3
3
cards
Trustee Duty of Loyalty
Duty of loyalty 1,
Under the duty of loyalty a trans...,
There is a presumption of conflic...
3
cards
Trustee Duty of Impartiality
Uniform fiduciary and principal i...,
Trust income is 2,
Trust principal is 3
6
cards
Trustees Duty of Prudence
The uniform prudent investor act ...,
Standard of prudent investor 2,
No hindsight 3
11
cards
Breach of obligations
Remedies for breach of trust may ...,
Amount of damages 2,
Contribution from co trustee 3
4
cards
Trust Administration without judicial intervention
Transfer of principal place of ad...,
Termination of uneconomic trust s 2,
Preserving assets without accepti...
8
cards
Provisions protecting Trustees
Contracts 1,
Torts 2,
Investment in partnerships 3
4
cards
Trustee Removal
Common law grounds for removal 1,
Statutory grounds for trustee rem...
2
cards
Reporting and Disclosure Rules
Default rules 1,
Default rules for irrevocable tru...,
Waiver 3
3
cards
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Trusts
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