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Chapter 19 Trust Creation All the basic information on how to do it…
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Trust Intent $Ascertaining Settlor’s Intent $Statute of Uses $Split of Title and Merger $Distinguishing Trusts from Other Legal Relationships
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Methods of Trust Creation $During the Settlor’s Lifetime $Upon the Settlor’s Death $Consideration
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The Settlor $Capacity $Retention of Powers
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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
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Trust Purposes $Determination of Validity of Purpose $Remedies for Illegal Trusts
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Trust Property $Types of Trust Property $Transfer of Property to Trust
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The Trustee $Capacity $Acceptance $Qualification $Multiple Trustees $Successor Trustees $Resignation $Effect of Holding Legal Title
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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
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Rule Against Perpetuities
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Charitable Trusts $Size of Charitable Class $Description of Charitable Class $Determination of Charitable Purpose $Other Charitable Trust Issues
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Conclusion
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