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Property > Trusts > Flashcards

Trusts Flashcards

1
Q

What is the function of the trust?

A

A trust bifurcates the legal and equitable interest

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2
Q

What is a spendthrift trust?

A

A trust designed to prevent the beneficiary from selling or giving away their equitable title

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3
Q

What is a pour over will?

A

“All of my assets” go into a trust

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