Chapter 19 Trust Creation All the basic information on how to do it…

Trust Intent $Ascertaining Settlor’s Intent $Statute of Uses $Split of Title and Merger $Distinguishing Trusts from Other Legal Relationships

Methods of Trust Creation $During the Settlor’s Lifetime $Upon the Settlor’s Death $Consideration

The Settlor $Capacity $Retention of Powers

Statute of Frauds $When Writing Required $Common Exceptions to Writing Requirement $Standing to Raise Statute of Frauds Defense $Effect of Statute of Frauds Violation $Acknowledgment

Trust Purposes $Determination of Validity of Purpose $Remedies for Illegal Trusts

Trust Property $Types of Trust Property $Transfer of Property to Trust

The Trustee $Capacity $Acceptance $Qualification $Multiple Trustees $Successor Trustees $Resignation $Effect of Holding Legal Title

The Beneficiary $Capacity $Adequacy of Beneficiary Designation $Honorary Trusts $Incidental Beneficiaries $Disclaimer $Transfers and Assignments of Beneficial Interests $Availability of Beneficiary’s Interest to Creditors $Spendthrift Restrictions $Discretionary Provisions $Support Provisions $Pour-Over Provisions $Life Insurance Trusts

Rule Against Perpetuities

Charitable Trusts $Size of Charitable Class $Description of Charitable Class $Determination of Charitable Purpose $Other Charitable Trust Issues

Conclusion