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Elements of a Trust
SIC DR. Ben wiTh a Vile of Penicillin
1. Settlor (must be 18)
2. Intent to Create trust
3. Delivers Res (property)
4. Tustee for the benefit of
5. Beneficiaries, and said trust was formed for a
6. Valid Purpose
Types of trust
Express Trust
Private Trust
Charitable Trust
Bank Account Trust
Pour over Trust
Revokable Trust
Generally a trust is revocable unless made expressly irrevocable
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