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Study sets matching "exam trusts wa bar"

37 terms
Bar - Trusts
What is a Trust?
Explain the Difference Between a Trust…
Two Types of Trusts
Define Resulting Trust
Relationship whereby legal and equitable title have been divi…
In a bailment, only possession (but not title) is transferred…
1) Express (private or charitable); and ... 2) Implied (resulti…
Trust arising in a reversionary, i.e., where someone convey…
What is a Trust?
Relationship whereby legal and equitable title have been divi…
Explain the Difference Between a Trust…
In a bailment, only possession (but not title) is transferred…
53 terms
BAR - Trusts
TRUSTS
Trust Defined
Uses of Trusts
Kinds of Trusts
...
• A trust "is the relationship resulting from the transfer of…
(1) Management and administration of assets (continuity, cont…
• 1. Inter Vivos... o Established by settlor while living.... • 2.…
TRUSTS
...
Trust Defined
• A trust "is the relationship resulting from the transfer of…
17 terms
Bar Trusts
Trust:... Requisites:... Delivery:
THE REQUIREMENTS OF INTENT AND VALID P…
Res
A PRIVATE TRUST MUST HAVE ASCERTAINABL…
TRUST: An arrangement under which the trustee holds legal tit…
T's will contains a bequest of $100,000 "to A to be used for…
Res: The corpus, the principal, the subject matter of the tru…
The rule is just the opposite for charitable trusts. In addit…
Trust:... Requisites:... Delivery:
TRUST: An arrangement under which the trustee holds legal tit…
THE REQUIREMENTS OF INTENT AND VALID P…
T's will contains a bequest of $100,000 "to A to be used for…
35 terms
BAR Trusts
Private Express Trust defintion
What property can be the corpus of a t…
Who can be the beneficiary of a privat…
What happens when there is no trustee?
a fiduciary relationship with respect to property whereby one…
Any presently existing interest in property that can be trans…
Any ascertainable person (legal) or group of people (Corporat…
A court will not let the trust fail solely b/c there is no tr…
Private Express Trust defintion
a fiduciary relationship with respect to property whereby one…
What property can be the corpus of a t…
Any presently existing interest in property that can be trans…
29 terms
BAR trusts**
Trust
express private trusts: inter-vivos tr…
Pour-Over Gifts
Two Ways Insured Can Make Life Insuran…
(1) SETTLOR=... The settlor can be anyone 18 or older, with the…
A legal device that allows an owner of property to make trans…
Testamentary gifts (gifts made in a will) to an existing revo…
Insured can created an unfunded revocable insurance trust and…
Trust
(1) SETTLOR=... The settlor can be anyone 18 or older, with the…
express private trusts: inter-vivos tr…
A legal device that allows an owner of property to make trans…
41 terms
BAR: TRUSTS
Requirements for Trust
Intent to create a trust
Delivery Requirement
Valid Purpose Requirement
- Settlor... - delivers legal title of trust assets (res) to tr…
Evidenced by vesting title in one person (trustee) with expli…
Only req'd for inter vivos trust (3P Trustee)... - Not needed f…
Trust purposes must conform to public policy or they are void…
Requirements for Trust
- Settlor... - delivers legal title of trust assets (res) to tr…
Intent to create a trust
Evidenced by vesting title in one person (trustee) with expli…
108 terms
Trusts Georgia Bar 2015
Express trust
Settlor & capacity requirement
What if a question refers to a "guardi…
Elements of a valid private trust (Dam…
Fiduciary relationship with respect to certain property (res)…
Creator of the trust & must have legal capacity (inter vivos…
WILLS QUESTION
D - Definite beneficiary/ies... R - Res... T - Trustee... I - Intent... V…
Express trust
Fiduciary relationship with respect to certain property (res)…
Settlor & capacity requirement
Creator of the trust & must have legal capacity (inter vivos…
98 terms
Trusts Bar Exam
Private Express Trust Defined
What are the elements of a Private Exp…
How do you create a PET?
Property of a trust examples
A fiduciary relationship with respect to property whereby one…
1. Presently existing interest... 2. Beneficiary ... 3. Trustee... 4.…
1. manifestation of trust intent... 2. during settlor's lifetime…
1. FS... 2. Future interest... 3. life insurance policy... 4. bonds... 5.…
Private Express Trust Defined
A fiduciary relationship with respect to property whereby one…
What are the elements of a Private Exp…
1. Presently existing interest... 2. Beneficiary ... 3. Trustee... 4.…
64 terms
NY Bar - Trusts
3 types of trusts
Express Trust
Creator of trust
Beneficiaries
(1) Express... (2) Resulting Trust (equitable remedy)... (3) Constr…
A legal device that allows an owner of property to make trans…
Settlor(Creator): gives legal title as to the res (trust prop…
Have equitable title to enjoy the distributions from the trust
3 types of trusts
(1) Express... (2) Resulting Trust (equitable remedy)... (3) Constr…
Express Trust
A legal device that allows an owner of property to make trans…
24 terms
Trusts-Bar Exam
To create a valid testamentary trust,…
Elements of an Express Trust
Acceptance of Trusteeship
Removal of a Trustee
The trust intent and the essential terms of a testamentary tr…
(i) Settlor with capacity to convey... (ii) PRESENT intent to cr…
A person accepts a trusteeship by: (i) substantially complyin…
A court can remove a trustee on its own motion or upon a requ…
To create a valid testamentary trust,…
The trust intent and the essential terms of a testamentary tr…
Elements of an Express Trust
(i) Settlor with capacity to convey... (ii) PRESENT intent to cr…
98 terms
Trusts Bar Exam 2016
Private Express Trust Defined
What are the elements of a Private Exp…
How do you create a PET?
Property of a trust examples
A fiduciary relationship with respect to property whereby one…
1. Presently existing interest... 2. Beneficiary ... 3. Trustee... 4.…
1. manifestation of trust intent... 2. during settlor's lifetime…
1. FS... 2. Future interest... 3. life insurance policy... 4. bonds... 5.…
Private Express Trust Defined
A fiduciary relationship with respect to property whereby one…
What are the elements of a Private Exp…
1. Presently existing interest... 2. Beneficiary ... 3. Trustee... 4.…
85 terms
Bar Prep - Trusts
Trusts Framework
Creation Framework
Creation - Intent - Rule
Creation - Intent - Precatory Words
Creation... Types... Supervision (Trustee)... Trust Doctrines... Modifica…
Intent... Purpose... Res (property)... Trustee... Ascertainable Beneficia…
Settlor (one who creates a trust) must intend to divide legal…
Words that express a wish or desire (rather than a command) a…
Trusts Framework
Creation... Types... Supervision (Trustee)... Trust Doctrines... Modifica…
Creation Framework
Intent... Purpose... Res (property)... Trustee... Ascertainable Beneficia…
54 terms
Bar Prep: Trusts in Virginia
Topics for Trusts
Creation of a Valid Trust
The Settlor
The Trustee
1. Requirements for Creation... 2. Rule Against Perpetuities... 3.…
Rule: To have a valid trust, the settlor (grantor) delivers t…
Defined: the person who creates a trust. ... Note: the settlor…
Who: may be an individual, a group of individuals, or a corpo…
Topics for Trusts
1. Requirements for Creation... 2. Rule Against Perpetuities... 3.…
Creation of a Valid Trust
Rule: To have a valid trust, the settlor (grantor) delivers t…
45 terms
CA Bar: Trusts
Private Express Trust
Property of the Trust
The Beneficiary
Trustee
A fiduciary relationship with respect to property whereby one…
Any presently existing interest in property that can be trans…
Any ascertainable person or group of people can be the benefi…
A trust must have a trustee, but the court will not allow the…
Private Express Trust
A fiduciary relationship with respect to property whereby one…
Property of the Trust
Any presently existing interest in property that can be trans…
38 terms
Bar Review - Trusts
What are the elements of an express tr…
Must the settlor have owned the proper…
Must the settlor intend the trust to t…
What are precatory expressions?
1) A settlor with capacity to convey... 2) A present intent to c…
Yes
The settlor's intent must be that the trust take effect immed…
A settlor's expression of a hope, wish, or mere suggestion th…
What are the elements of an express tr…
1) A settlor with capacity to convey... 2) A present intent to c…
Must the settlor have owned the proper…
Yes
36 terms
BAR ESSAY TRUSTS
Creation of trusts
Types of Express trust
Trust Validity
The Sole trustee cannot be the sole be…
There are two types of trusts: express and implied, implied t…
Private, charitable, mixed-charitable and non-charitable, unf…
For an express private trust to be valid, there must be (1) a…
If this situation exists, the trust will fail, and the proper…
Creation of trusts
There are two types of trusts: express and implied, implied t…
Types of Express trust
Private, charitable, mixed-charitable and non-charitable, unf…
40 terms
MO Bar Exam - Trusts
Trust
Est a trust
Basic trust req
Inter vivos trust
Bifurcation of legal & equitable title, in which the legal ti…
Settlor est a trust with (1) clear & specific lang that the t…
1. Trust intent... 2. Identifiable res... 3. Trustee w/active dutie…
Created by a living settlor
Trust
Bifurcation of legal & equitable title, in which the legal ti…
Est a trust
Settlor est a trust with (1) clear & specific lang that the t…
54 terms
Bar Prep: Trusts in Virginia
Topics for Trusts
Creation of a Valid Trust
The Settlor
The Trustee
1. Requirements for Creation... 2. Rule Against Perpetuities... 3.…
Rule: To have a valid trust, the settlor (grantor) delivers t…
Defined: the person who creates a trust. ... Note: the settlor…
Who: may be an individual, a group of individuals, or a corpo…
Topics for Trusts
1. Requirements for Creation... 2. Rule Against Perpetuities... 3.…
Creation of a Valid Trust
Rule: To have a valid trust, the settlor (grantor) delivers t…
86 terms
BAR - Successions/Donations/Trusts
DONATIONS
2 Types of Donations in LA:
3 Requirements for Valid Donation:
REPRODATED DISPOSITIONS
...
Donations INTER VIVOS - (Between living persons; 1468) is a K…
1. Capacity to give and receive exists;... 2. Requisite formalit…
Whether a substitution is null or not depends on if it is a p…
DONATIONS
...
2 Types of Donations in LA:
Donations INTER VIVOS - (Between living persons; 1468) is a K…
Trusts for Bar Exam
To create a valid testamentary trust,…
Elements of an Express Trust
Acceptance of Trusteeship
Removal of a Trustee
The trust intent and the essential terms of a testamentary tr…
(i) Settlor with capacity to convey... (ii) PRESENT intent to cr…
A person accepts a trusteeship by: (i) substantially complyin…
A court can remove a trustee on its own motion or upon a requ…
To create a valid testamentary trust,…
The trust intent and the essential terms of a testamentary tr…
Elements of an Express Trust
(i) Settlor with capacity to convey... (ii) PRESENT intent to cr…
25 terms
Bar Study - Trusts
Principal
Income
Private Express Trusts (elements)
Oral Prive Express Trust Exceptions
Original trust property + Any increase in value
Money invested by trust
Intent... Trust Res... Trust purpose... Beneficiaries (at least one as…
Statute of Frauds (conveying real property)... A devise (trust c…
Principal
Original trust property + Any increase in value
Income
Money invested by trust
82 terms
Trusts-Texas Bar
Trust
Principal
Income
Revocable Trust
A bifurcated transfer for holding and managing property.
The original trust property and any increased value of that p…
Money generated by investing the trust property.
A revocable trust can be revoked (i.e., ended) anytime during…
Trust
A bifurcated transfer for holding and managing property.
Principal
The original trust property and any increased value of that p…
71 terms
Trusts (MEE Bar Essays)
Front
Requirements for an Express Trust: (8)
Express Trust (defined)
Who owns what title in an Express Turst:
Back
(1) SETTLOR, who makes a (2) DELIVERY, of legal title to, (3)…
A legal device that allows an owner of property to make trans…
The Settlor of the trust has LEGAL title ot to managed the mo…
Front
Back
Requirements for an Express Trust: (8)
(1) SETTLOR, who makes a (2) DELIVERY, of legal title to, (3)…
43 terms
IL Bar Exam - Trusts
Trust
Est a trust
Basic trust req
Inter vivos trust
Bifurcation of legal & equitable title, in which the legal ti…
Settlor est a trust with (1) clear & specific lang that the t…
1. Settlor (18+ w/capacity)... 2. Trust intent... 3. Delivery of le…
Created by a living settlor
Trust
Bifurcation of legal & equitable title, in which the legal ti…
Est a trust
Settlor est a trust with (1) clear & specific lang that the t…
108 terms
Trusts Georgia Bar 2015
Express trust
Settlor & capacity requirement
What if a question refers to a "guardi…
Elements of a valid private trust (Dam…
Fiduciary relationship with respect to certain property (res)…
Creator of the trust & must have legal capacity (inter vivos…
WILLS QUESTION
D - Definite beneficiary/ies... R - Res... T - Trustee... I - Intent... V…
Express trust
Fiduciary relationship with respect to certain property (res)…
Settlor & capacity requirement
Creator of the trust & must have legal capacity (inter vivos…
33 terms
NY Bar Exam - Trusts
Creation of a Valid Trust
Alienation
Discretionary Trust
Spendthrift
1) Property; 2) Beneficiary (B): unincorporated associations…
Voluntary: Allow B to sell or transfer property interest.... Inv…
T given sole and absolute discretion to determine how much to…
Prevents B from voluntarily transferring future payments, and…
Creation of a Valid Trust
1) Property; 2) Beneficiary (B): unincorporated associations…
Alienation
Voluntary: Allow B to sell or transfer property interest.... Inv…
44 terms
Trusts (BAR) McGhee
What is a trust?
What are the parties to a trust?
What is a settlor?
What is a trustee?
1. A legal arrangement... 2. where one person (a trustee) holds…
1. Settlor... 2. Trustee... 3. Beneficiary
1. The party who creates and funds the trust, ... 2. whether for…
1. A fiduciary ... 2. designated under the terms of a trust ... 3.…
What is a trust?
1. A legal arrangement... 2. where one person (a trustee) holds…
What are the parties to a trust?
1. Settlor... 2. Trustee... 3. Beneficiary
25 terms
Maine Bar Exam - Trusts
Jurisdiction
Express Trusts: RAP
Statute of Frauds: Trust of Lans
Trust for Care of Animal
Concurrent jurisdiction between Superior and Probate courts
Modified "wait & see" provides termination of trust 21 yrs af…
Must be writing, signed by party or attorney, otherwise its a…
A -OK
Jurisdiction
Concurrent jurisdiction between Superior and Probate courts
Express Trusts: RAP
Modified "wait & see" provides termination of trust 21 yrs af…
38 terms
=BarBri Trusts
What is the 10-sec checklist for Trusts?
What is a Private Express Trust?
What is Required to form a Valid Trust?
What are the types of Private Express…
Trust Formation (TF)... Types of Trusts (TT)... Trustee Powers & Du…
A fiduciary relationship with respect to property whereby one…
1. Settlor / Trustor: Creator who often provides assets for t…
1. Discretionary Trusts: discretion to pay B income or princi…
What is the 10-sec checklist for Trusts?
Trust Formation (TF)... Types of Trusts (TT)... Trustee Powers & Du…
What is a Private Express Trust?
A fiduciary relationship with respect to property whereby one…
168 terms
Trusts-Bar Prep
What is a trust?
The trustee holds....
Trustee has all the burdens of ownersh…
The beneficiary holds...
Arrangement for making gifts of property and for the manageme…
Legal title
Duty to manage, invest, insure, safeguard, etc.
Equitable title and all the benefits of ownership
What is a trust?
Arrangement for making gifts of property and for the manageme…
The trustee holds....
Legal title
87 terms
Bar Essay: Wills & Trusts
Trust Requirements
Delivery of Living Trust to Third-Party
Precatory Language
Unconscionable Restraints on Marriage
Creator/Settlor delivers legal title of trust assets (res) to…
For living trust with third-party trustee, subject matter of…
Language merely suggesting or expressing a hope or wish for u…
Any term that puts an unconscionable restraint on marriage in…
Trust Requirements
Creator/Settlor delivers legal title of trust assets (res) to…
Delivery of Living Trust to Third-Party
For living trust with third-party trustee, subject matter of…
32 terms
Bar Prep - Trusts
What is a trust?
How is a trust created?
When is the "res" certain & identifiab…
If a trust fails for having indefinite…
- Arrangement where settlor gives property to trustee (T) who…
Settlor MUST: ... (1) Deliver ... - actual/constructive: keys to…
- must be sufficiently ID'd in grant so T has specific intere…
Traditional Rule: It is invalid, and the res goes back to the…
What is a trust?
- Arrangement where settlor gives property to trustee (T) who…
How is a trust created?
Settlor MUST: ... (1) Deliver ... - actual/constructive: keys to…
25 terms
Trusts - MI BAR
Trust Definition
Types of Trusts
Formal Requisites
Acceptance of Trusteeship
1. A fiduciary relationship in which a trustee holds legal ti…
1. Express trusts... 2. Resulting trusts (presumed intentions)... 3…
1. Settlor... 2. Delivers the trust property... 3. To the trustee... 4…
Accepted by:... 1. Substantially comply with the acceptance term…
Trust Definition
1. A fiduciary relationship in which a trustee holds legal ti…
Types of Trusts
1. Express trusts... 2. Resulting trusts (presumed intentions)... 3…
19 terms
VI BAR - Trusts
Restatement of Laws
Banks Analysis
Elements of a Trust
Express Trust
merely persuasive in VI
1) determine whether any VI courts have previously adopted a…
1) trustee (legal interest)... 2) beneficiary (beneficial intere…
arises from expressed intention of settlor; can be either pri…
Restatement of Laws
merely persuasive in VI
Banks Analysis
1) determine whether any VI courts have previously adopted a…
24 terms
Bar Exam - Trusts
What is a Trust?
Basic Trust Creation
Beneficiaries
Trustee's Duties
Relationship in which the legal and equitable title to proper…
Settlor transfers property to the trustee with intent to crea…
There must always be at least one other beneficiary who can e…
Fiduciary, cannot use property for own benefit (no self-deali…
What is a Trust?
Relationship in which the legal and equitable title to proper…
Basic Trust Creation
Settlor transfers property to the trustee with intent to crea…
25 terms
Wills and Trusts (BAR)
Valid Will
Testamentary Capacity
Holographic Will
Interested Witness
In Nevada, a will is valid if:... 1. in writing... 2. there is test…
The testator must have testamentary capacity, which in NV is…
In Nevada, a holographic will is valid if it is signed and da…
In Nevada, a devise made to a subscribing witness is void unl…
Valid Will
In Nevada, a will is valid if:... 1. in writing... 2. there is test…
Testamentary Capacity
The testator must have testamentary capacity, which in NV is…
30 terms
CA Bar - Trusts
Private Express Trust
What can be property of a trust?
Beneficiary
Trustee
A fiduciary relationship with respect to property whereby one…
"Any presently existing interest in property that can be tr…
Any ascertainable person or group of people can be the benefi…
Trust must have a trustee; but court will not allow trust to…
Private Express Trust
A fiduciary relationship with respect to property whereby one…
What can be property of a trust?
"Any presently existing interest in property that can be tr…
180 terms
Trusts-CalBar
Express Trust (General Definition)
Express Trust (requirements list)
Express Trust (Intent-General)
Express Trust Intent (Timing)
a trust is a fiduciary relationship with respect to specific…
i) SETTLOR = creator of trust... ii) INTENT = settlor has intent…
may be manifested by written or spoken words or by conduct of…
must be manifested while settlor owns property and prior to c…
Express Trust (General Definition)
a trust is a fiduciary relationship with respect to specific…
Express Trust (requirements list)
i) SETTLOR = creator of trust... ii) INTENT = settlor has intent…
33 terms
Trust AZ BAR
TRUST: Defined
TRUST: Requisites
TRUST: Delivery
TRUST: Intent and Valid purpose
RULE: An arrangement where Trustee holds legal title to prope…
1) Creator, 2) delivers 3) legal title of trust assets 4) to…
Must be delivered to another party. Cannot make self trustee
Intend a trust when you put legal title in the hands of one f…
TRUST: Defined
RULE: An arrangement where Trustee holds legal title to prope…
TRUST: Requisites
1) Creator, 2) delivers 3) legal title of trust assets 4) to…
27 terms
* CA BAR- Wills and Trusts
Pour Over From Will to Trust
Omitted Child
Incorporation by reference
Intestacy Statute
California has adopted the Uniform Testamentary Additions to…
California, like most states, has a statute to protect childr…
a written trust instrument in existence at the time the will…
Any part of the decedent's estate not properly disposed of by…
Pour Over From Will to Trust
California has adopted the Uniform Testamentary Additions to…
Omitted Child
California, like most states, has a statute to protect childr…
38 terms
BarBri Trusts
What is the 10-sec checklist for Trusts?
What is a Private Express Trust?
What is Required to form a Valid Trust?
What are the types of Private Express…
Trust Formation (TF)... Types of Trusts (TT)... Trustee Powers & Du…
A fiduciary relationship with respect to property whereby one…
1. Settlor / Trustor: Creator who often provides assets for t…
1. Discretionary Trusts: discretion to pay B income or princi…
What is the 10-sec checklist for Trusts?
Trust Formation (TF)... Types of Trusts (TT)... Trustee Powers & Du…
What is a Private Express Trust?
A fiduciary relationship with respect to property whereby one…
38 terms
BarBri Trusts
What is the 10-sec checklist for Trusts?
What is a Private Express Trust?
What is Required to form a Valid Trust?
What are the types of Private Express…
Trust Formation (TF)... Types of Trusts (TT)... Trustee Powers & Du…
A fiduciary relationship with respect to property whereby one…
1. Settlor / Trustor: Creator who often provides assets for t…
1. Discretionary Trusts: discretion to pay B income or princi…
What is the 10-sec checklist for Trusts?
Trust Formation (TF)... Types of Trusts (TT)... Trustee Powers & Du…
What is a Private Express Trust?
A fiduciary relationship with respect to property whereby one…
38 terms
WA Bar Criminal Procedure
Government Action
Standing
Lawful Arrest
Warrant Requirement
A defendant may only challenge a search or seizure under the…
To have standing to challenge a search under the Fourth Amend…
A lawful arrest requires a warrant unless 1) the officer sees…
In general, police may not search or seize a person or proper…
Government Action
A defendant may only challenge a search or seizure under the…
Standing
To have standing to challenge a search under the Fourth Amend…
33 terms
Trust AZ BAR
TRUST: Defined
TRUST: Requisites
TRUST: Delivery
TRUST: Intent and Valid purpose
RULE: An arrangement where Trustee holds legal title to prope…
1) Creator, 2) delivers 3) legal title of trust assets 4) to…
Must be delivered to another party. Cannot make self trustee
Intend a trust when you put legal title in the hands of one f…
TRUST: Defined
RULE: An arrangement where Trustee holds legal title to prope…
TRUST: Requisites
1) Creator, 2) delivers 3) legal title of trust assets 4) to…
68 terms
Trusts Michigan Bar Exam 2016
Trust (MI)
Trustee (MI)
Settlor (MI)
Trustee Duties (MI)
A fiduciary relationship, where one person (trustee) holds le…
Has legal title for benefit of beneficiaries who have equitab…
The person who sets up a trust, establishes by giving legal t…
Fiduciary relationship, so has the highest duty of care and l…
Trust (MI)
A fiduciary relationship, where one person (trustee) holds le…
Trustee (MI)
Has legal title for benefit of beneficiaries who have equitab…
57 terms
NY Bar Exam 2011: Trusts
Trusts: three things using the name
Express trusts
Settlor
Lifetime trust
1) Express trust (the one true trust)... 2) Resulting trusts... 3)…
A legal device that allows an owner of property to make trans…
The person who created the trust. They have legal title to ma…
An express trust set up during the lifetime of the person who…
Trusts: three things using the name
1) Express trust (the one true trust)... 2) Resulting trusts... 3)…
Express trusts
A legal device that allows an owner of property to make trans…
12 terms
Trusts Review - Bar Exam 2015
When can a promise to create a trust i…
When does merger eliminate a trust?
When are pour-over gifts into trusts e…
What do spendthrift clauses in trusts…
Only when (1) supported by consideration; or (2) settlor mani…
When the sole trustee and sole beneficiary are the same person.
Traditional answer: If trust is in existence at time of the w…
Prevents the beneficiary from voluntarily alienating trust in…
When can a promise to create a trust i…
Only when (1) supported by consideration; or (2) settlor mani…
When does merger eliminate a trust?
When the sole trustee and sole beneficiary are the same person.
33 terms
California Bar Prep: Wills & Trusts
Name the requirements for capacity - t…
Insane delusion elements - four prong…
What are the four elements of fraud?
Fraud in the execution vs. Fraud in th…
1. You understand your property... 2. You understand the objects…
1. Testator had a false belief... 2. that belief was the product…
1. representation of material fact... 2. known to be false by th…
Fraud in the execution renders an entire will invalid - it's…
Name the requirements for capacity - t…
1. You understand your property... 2. You understand the objects…
Insane delusion elements - four prong…
1. Testator had a false belief... 2. that belief was the product…
68 terms
Trusts Michigan Bar Exam 2016
Trust (MI)
Trustee (MI)
Settlor (MI)
Trustee Duties (MI)
A fiduciary relationship, where one person (trustee) holds le…
Has legal title for benefit of beneficiaries who have equitab…
The person who sets up a trust, establishes by giving legal t…
Fiduciary relationship, so has the highest duty of care and l…
Trust (MI)
A fiduciary relationship, where one person (trustee) holds le…
Trustee (MI)
Has legal title for benefit of beneficiaries who have equitab…
33 terms
California Bar Prep: Wills & Trusts
Name the requirements for capacity - t…
Insane delusion elements - four prong…
What are the four elements of fraud?
Fraud in the execution vs. Fraud in th…
1. You understand your property... 2. You understand the objects…
1. Testator had a false belief... 2. that belief was the product…
1. representation of material fact... 2. known to be false by th…
Fraud in the execution renders an entire will invalid - it's…
Name the requirements for capacity - t…
1. You understand your property... 2. You understand the objects…
Insane delusion elements - four prong…
1. Testator had a false belief... 2. that belief was the product…
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