Wills, Trusts, and Estates, Volume 1 |
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Page 532
Jesse Dukeminier, Stanley M. Johanson. 3. Use of Revocable Trusts in Estate Planning a . Introduction A revocable trust can be created by a declaration of trust , whereby the settlor becomes the trustee of the trust property . In the trust ...
Jesse Dukeminier, Stanley M. Johanson. 3. Use of Revocable Trusts in Estate Planning a . Introduction A revocable trust can be created by a declaration of trust , whereby the settlor becomes the trustee of the trust property . In the trust ...
Page 534
... revocable trust are treated as still owned by the settlor . When the revocable trust is created , it is not treated as a completed gift to the beneficiaries under the federal gift tax ( see infra page 940 ) . Because of the retained ...
... revocable trust are treated as still owned by the settlor . When the revocable trust is created , it is not treated as a completed gift to the beneficiaries under the federal gift tax ( see infra page 940 ) . Because of the retained ...
Page 537
... trust to achieve some benefit available in some other state . For a comprehensive discussion of choice- of - law ... revocable trust is used as a substitute for a will , the law may be more uncertain in solving a problem that arises ...
... trust to achieve some benefit available in some other state . For a comprehensive discussion of choice- of - law ... revocable trust is used as a substitute for a will , the law may be more uncertain in solving a problem that arises ...
Contents
Societys Control | 1 |
Union National Bank | 20 |
Notes and Questions | 27 |
Copyright | |
47 other sections not shown
Common terms and phrases
A's children A's death adopted appeal apply attorney Bank beneficiary benefit bequeathed bequest Blackacre charitable child claim clause codicil common law community property constructive trust corpus court held created creditors cy pres daughter deceased decedent decedent's defendant determine devise disposition distribution doctrine donor elective share entitled estate tax evidence executed executor exercise fee simple fiduciary funds future interest gift tax grandchildren gross estate heirs husband income infra inheritance inter vivos trust intestacy investment issue joint tenancy lawyer living marriage Note plaintiff power of appointment predeceased principal problem purpose question reason residuary Restatement Second revocable trust revoke Rule against Perpetuities settlor special power spendthrift trust statute supra surviving spouse tenant termination testamentary testator's death testatrix transfer trial court trust assets trust instrument trust property Trusts Law Uniform Probate Code valid vested wife witnesses