Trusts and Decedents’ Estates
• Describe and explain the following types of trusts:
(1) express,
(2) testamentary,
(3) inter vivos,
(4) charitable,
(5) spendthrift,
(6) totten,
(7) implied,
(8) constructive, and
(9) resulting.
• Describe the powers and duties of a trustee.
• Explain the formal requirements for making a valid
will and the various ways in which a will may be
revoked.
• Define the following types of wills:
(1) nuncupative,
(2) holographic, and
(3) soldiers’ and sailors’ wills.
• Describe intestate succession and the administration
of decedents’ estates.