A bifurcation of property ownership Title has been severed so that trustee holds legal title and beneficiary holds equitable title

1. Private or charitable 2. Express or implied 3. Inter vivos or testamentary 4. Revocable or irrevocable 5. Mandatory or discretionary

General Flashcards by Jennifer Gay

What is a trust?

A bifurcation of property ownership
Title has been severed so that trustee holds legal title and beneficiary holds equitable title

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Categories of Trusts

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