Bar Prep Wills and Trust

  1. Requisites to establish trust
    creator delivers legal title of trust assests to trustee for the benefit of the beeficiaries with intent to create trust for a valid purpose
  2. Delivery requirement doesnt apply to
    self declaration of trust or testamentary trust
  3. res requirement(property)
    must be a specific interest in property to which the trustee's duties relate (debt doesnt count)
Author
sfjohnson1010
ID
158048
Card Set
Bar Prep Wills and Trust
Description
wills and trust
Updated