Comprehensive Legal Outline

Everything you need to know on Trusts in California for law school and the California Bar Exam in a clear and easy to understand substantive law outline. This outline is designed to cover not only the essentials but will also provide you with all the necessary rules of law so that you will have a deep understanding of each subject area to push your essay answers over the top.

Note: This outline covers the entire course.

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Sections Included

• Formation of a Trust
• Beneficiary Requirements
• Trustee
• Res
• Settlor's Trust Intent
• Trust Purpose
• Settlor
• Rule Against Perpetuities
  
  
• Types of Trusts
• Pour-Over Will
• Secret Trust
• Semi-Secret Trust
• Spendthrift Trust
• Discretionary Trust
• Blended Trust
• Operation of Law
• Protective Trust
• Charitable Trust
• Honorary Trust
  
  
• Trust Administration
• Trustee's Authority (Power Sources)
• Duty to Follow Instructions
• Duty to Earmark Assets
• Duty to Safeguard Assets
• Duty to Act with Due Care
• Duty to Loyalty (to Beneficiaries)
• Duty to Account
• Duty to Diversify
• Trustee Liabilities for Breach
• 3rd Party Liability
  
  
• Allocation of Principal/Income/Expenses
• Unproductive Assets
• Wasting Assets
• Income
• Dividends
• Allocation of Expenses
  
  
• Beneficiary Duties, Alienability & Liabilities
• Beneficiaries' Duties
• Alienability
• Liabilities of Beneficiaries
  
  
• Modification & Termination of Trusts
• Judicial Power to Modify/Terminate
• Beneficiary Power to Modify/Terminate
• Termination by Operation of Law
• Trustee, Beneficiary, or 3rd Party's Power to Modify/Terminate
• Settlor's Power to Modify/Revoke