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What are the three requirements to modify a trust?
What is the Claflin Doctrine?
The material purpose of the trust comes first,overriding any specific directions in the trust.
What is the two-level modification test?
What are the four requirements for Uneconomical Trust Termination?
What are the three sources of a Trustee's power?
What are the six main things a Trustee can do?
What are the three things a trustee cannot do?
What is Trustee liability for continuing a business?
Liable for losses unless court approval to continue business
What are the five prohibitions on self dealing?
What are the two affirmative duties on self-dealing?
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