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3 Cards in this Set
- Front
- Back
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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 |
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Types of trust |
Express Trust Private Trust Charitable Trust Bank Account Trust Pour over Trust |
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Revokable Trust |
Generally a trust is revocable unless made expressly irrevocable |
