Trusts Flashcards
1
Q
How can a person accept a trusteeship?
A
A person designated as a trustee can accept the position by substantially complying with a method of acceptance provided for in the terms of the trust.
If the terms of the trust do not provide a method of acceptance, or the method is not made exclusive, then (i) by accepting delivery of the trust property, (ii) exercising powers as a trustee, (iii) performing duties as a trustee, or (iv) otherwise indicating acceptance of the trusteeship.
2
Q
When must the manifestation of intent occur?
A
