Mga tiwala

Trusts

Paglikha at bisa ng mga pinagkakatiwalaan, mga tungkulin ng tagapangasiwa, mga karapatan ng benepisyaryo, pagbabago at pagwawakas sa ilalim ng batas ng California.

1 kabanata1 oras ng pagbabasa15 practice question

Basahin ang kabanata 1 nang libre Magsanay ng mga sanaysay

Mga kabanata

1Creation of Express TrustsHow a valid express trust comes into existence under general trust law and the California Probate Code: the three parties and the split of legal and equitable title, the elements of intent, property, beneficiaries, purpose and trustee, the main types of trust, the writing rules for real and personal property, and the California revocability default in Probate Code § 15400. The chapter closes with the Trusts essay method, four California practice items and one mini-essay.56 minLibre

Paano naiiba ang California

Mula sa kabanata 1

CApagkakaiba ng California

Revocability default

Pangkalahatang tuntunin (pederal / mayorya)

Traditional rule (state it first on the exam): a trust is irrevocable unless the settlor expressly reserves a power to revoke. Modern trend (Uniform Trust Code): a trust is revocable unless its terms make it irrevocable.

California

A trust is revocable by the settlor unless the trust instrument expressly makes it irrevocable (Prob. Code § 15400). While the trust is revocable and the settlor competent, the trustee’s duties run to the settlor, not to the beneficiaries (§ 15800).

If the call says “California law”, cite § 15400: “revocable unless expressly irrevocable”. If the call is silent, state the traditional rule, then add: “California reverses this presumption (Prob. Code § 15400)”. Tested on 2 of the last 50 exams.

Mga aralin

Catherine Wu

Mga tiwala lecturer

Estate-planning and trust-litigation attorney (Bay Area); Taiwanese-American, bilingual Mandarin.

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