formalitiews

Question 1

what are the formalities required when creating a trust of land?

Answer 1

evidenced in writing and signed by the settlor

Question 2

what are the formalities when creating a trust if personalty

Answer 2

no formalities

Question 3

true or false - it is possible for a settlor to orally declare a trust of land so log as the settlor ensures that the correct formalities are met after the declaration?

Answer 3

ture - follow up with written evidence

Question 4

true or false - if a settlor declares a trust of land but later buts it in writing, the date of the creation of the trust is the date of the written instrument

Answer 4

date of the oral declaration (or earlier declaration). eacde