Bar Prep Wills and Trust

Card Set Information

Author:
sfjohnson1010
ID:
158048
Filename:
Bar Prep Wills and Trust
Updated:
2012-06-10 14:35:54
Tags:
Wills trust
Folders:

Description:
wills and trust
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  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)

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