Bar Prep 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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158048
Card Set
Bar Prep Wills and Trust
Description
wills and trust
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