Elements of Trust Flashcards
1
Q
grantor -
A
person who forms the trust and supplies the assets
2
Q
trustee -
A
person named in the trust to administer the trust according to the terms and state trust law
3
Q
beneficiary -
A
the person for whose benefit the trust property is held by the trustee
4
Q
intent from grantor -
A
must have a valid legal purpose
5
Q
property -
A
asses subject to the trust
