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Trusts

This class was created by Brainscape user Brittney Renzulli. Visit their profile to learn more about the creator.

By: Brittney Renzulli
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Decks in this class (13)

Requirements for a Trust
Def express trust,
Settlor,
Trustee
14  cards
Revocable Inter-Vivos Trusts
Main requirement,
Reasons to have a revocable lifet...,
Is a trust automatically revocable
3  cards
Pour-Over Gifts/Trusts
What is a pour over gift what are...,
Key requirements for a pour over ...,
What is the res requirement of a ...
4  cards
Totten Trust (a trust-like alternative)
What is a totten trust,
4 ways to revoke a totten trust a...,
Changing the beneficiary
4  cards
Joint Bank Accounts (trust-like alternative)
Most popular issue after one of t...,
Who owns what
2  cards
Uniform Transfers to Minors Act (UTMA) (trust-like alternative)
Three reasons to make a gift to a...,
How do you make a utma gift,
Duties of a utma custodian
5  cards
Charitable Trusts
5 key things to remember,
Are these groups okay beneficiari...,
How is cy pres used
4  cards
Non-Trusts (called trust but are fakers!)
Def honorary trusts,
Exceptions to ban on honorary trusts,
Def constructive trusts
5  cards
Statutory Spendthrift Rule and Protection from Creditors
What does a spendthrift trust do,
How is ny different from the majo...,
How does the remainder beneficiar...
6  cards
Modification and Termination of Trusts
When is modification by trustee a...,
Two level modification test,
Rol re trust termination amendmen...
3  cards
Trust Administration: Trustee Powers, Duties, Liabilities
Ny fiduciary powers act fpa,
Trustee can do almost anything w ...,
Trustee s investment powers
11  cards
Liability of Trustee in Contract & Tort
When does the trustee have person...,
When is the trustee entitled to i...,
When is trustee personally liable...
4  cards
RAP & Rule Against Suspension
When is an interest vested,
Age contingencies in ny,
Ny rule against suspension of the...
4  cards

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Trusts

  • Class purpose General learning

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