Explore the legal terms and concepts related to Express Private Trusts. Click on any term below to learn more about its definition and applications.
Do trusts need to be in writing?
Trusts of real property must be in writing, while personal property trusts can be oral.
What is a semi-secret trust?
In a semi-secret trust, the will makes a gift that is explicitly in trust, but fails to name the act...
What is a secret trust?
A secret trust arises when a testator makes a gift in a will to a donee, intending that the donee sh...
What factors can impact capacity?
The same grounds for invalidating a will due to lack of testamentary capacity also apply to trusts:...
Can creditors reach trust assets?
Generally, trust assets are freely alienable by default, meaning creditors can potentially reach the...
What are the elements to a valid trust?
There are 7 elements of a valid, private, express trust and you can remember them as Very Delicious...
What is a testamentary trust?
A testamentary trust is a trust that takes effect upon the testator's death.
