This class was created by Brainscape user Katelynn Gilbert. Visit their profile to learn more about the creator.
By:
Katelynn Gilbert
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Decks in this class (25)
Intro to Wills and Trusts
How lawyers help clients plan for...,
4 ways lawyers help clients plan ...,
An administrator is 3
92
cards
Ethics
If unsure about testamentary capa...,
4 important model rules for repre...,
When a client has diminished capa...
7
cards
Distribution
A tenet by entirety on a bank acc...,
4 considerations the court consid...,
Descent and distribution state st...
94
cards
Relationships
Registered domestic partnerships 1,
Common law spouse 2,
Punitive spouse 3
77
cards
Wills and their creation
Will 1,
3 requirements for a valid will 2,
Testamentary intent 3
74
cards
In Practice
In practice can make sure every p...,
What self proving affidavits are ...,
6 protective planning mechanisms 3
7
cards
Challenges
Will challenges are known as 1,
When a will is a product of what ...,
If a will is a product of undue i...
90
cards
Revocation, changes, lapse, ademption
A testator can revoke a will by 1,
No will or codicil shall be revok...,
If you revoke a will by writing o...
116
cards
Intro Trusts
Trust 1,
The trustee has 2,
Beneficiary 3
45
cards
Creation of a trust
6 basic trust requirements 1,
Valid legal purpose 2,
The trusts purpose cannot 3
24
cards
understanding trust
How to find intent to make trust 1,
The settlors failure to communica...,
Language that should be used in w...
3
cards
Trusts
Perpetual trusts allow for a tax ...,
Revocable trusts unlike wills do ...,
Revocable trusts is a 3
46
cards
Fiduciary duties general
Trustee the law mainly addresses 1,
Beneficiary the law mainly addres...,
The trustees duty to the benefici...
12
cards
Duty of obediance
Duty of obediance 1,
Generally how the trustee determi...,
Upon acceptance of the trusteeshi...
5
cards
Duty of Loyalty
Prohibits 1,
Extends to the 2,
A trustee should administer the t...
19
cards
Duty of Prudence
Duty of prudence 1,
A trustee shall administer the tr...
2
cards
Duty to Care for the Trust Property
Upc sections that deal with the d...,
Upc 810 record keeping and identi...,
Upc 810 record keeping and identi...
7
cards
Duty to Invest Prudently
Governed by 1,
The investment functions requires...,
3 centraal directives of the upia 3
32
cards
Duty of Impartiality
If a trust has 2 or more benefici...,
A trust can have multiple benefic...,
A trust can be successive benefic...
7
cards
Duty to Inform and Report
Duty to inform and report 1,
A trustee shall keep the qualifie...,
A trustee shall keep the qualifie...
23
cards
Trusts 2
Asset protection is created throu...,
Domestic asset protection trust 2,
Special or supplemental needs tru...
77
cards
Trusts 3
For purposes of this subsection a...,
In the case of a trust the corpus...,
This subsection shall not apply t...
9
cards
Trusts 4/ trust modification
A discretionary trust is not used...,
Under hems if needed money for cr...,
When a trust has best interests a...
42
cards
Charitable trusts/cy pres
A charitable trust must have a 1,
Charitable trusts unlike private ...,
Bc a charitable trust does not ha...
24
cards
Donative Freedom/ spousal protections
Gross income does not include the...,
Employee gifts shall not exclude ...,
Generation skipping transfer tax 3
42
cards
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Wills & Trusts
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