Trust Approaches

Question 1

Creation

Answer 1

1. Inter-Vivos
2. Testamentary
3. Elements
   
   • Intent
   • Purpose
   • Res
   • Trustee
   • Ascertainable Benes

Question 2

Types of Trusts

Answer 2

Patron Saint Sam Supports Sassy Disciples By Praying Charitably, Honorably and Openly.

1. Pour-Over Will
2. Secret/Semi Secret
3. Spendthrift
4. Support
5. Discretionary
6. Blended/Protective
7. Charitable
8. Honorary
9. Operation of Law
   
   • Resulting/Purchase Money Resulting
   • Constructive

Question 3

Trustee Supervision

Answer 3

1. Authority
2. Obligations
3. Liabilities