Description
This audio tape overviews trusts: uses; intent; separation of legal and equitable title; trusts versus other legal relationships; express trust creation; consideration; statute of frauds; rule against perpetuities; purpose; settlor; property; trustee; beneficiary; spendthrift and discretionary trusts. Explores support and charitable trusts; pour-over wills; life insurance trusts; trust administration; standard of care; investments and trustee powers. Also covers trust distributions; delegation of duties; duty of loyalty; contract and tort liability of trustee; accounting and compensation; principal and income; court modification of trusts; modification and termination of trusts; trust enforcement and remedies: against trustee, involving trust property, and against third parties. Provides information on charitable trusts; limitations; trust accounts; resulting and constructive trusts.
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