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What do you need to draft an Express Trust? Feb 04, 2023

To draft an express trust, the following elements are typically required:

  1. Settlor: A person who creates the trust and transfers property to the trust.

  2. Trust property: Assets that are transferred to the trust and held for the benefit of the beneficiaries.

  3. Beneficiaries: Persons or entities...

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Who can draft an Express Trust? Feb 04, 2023

An express trust can be drafted by a variety of individuals or entities, including lawyers, trust companies, financial institutions, and other professionals who specialize in estate planning and trust administration. The person or entity drafting the trust must have a clear understanding of the...

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What does the Uniform Trust Code say about the Terms of an Express Trusts? Feb 04, 2023
 
The Uniform Trust Code (UTC) sets out the rules and requirements for the terms of an express trust. According to the UTC, the terms of an express trust are defined by the trust instrument, which is the document that sets forth the settlor's intention for the trust and the provisions...
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Are Express Trusts part of the Uniform Trust Code?     Feb 04, 2023
 
 

Yes, express trusts are a key component of the Uniform Trust Code (UTC). The UTC provides a comprehensive framework for the creation, administration, and termination of express trusts, which are trusts that are created by the express declaration of the settlor (the person...

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The information provided in this course is for educational purposes only and should not be considered as legal or financial advice. This course is not intended to replace the advice of a licensed professional and any decisions made regarding trusts and private wealth management should be made after seeking the advice of a licensed attorney or financial advisor. The course is not responsible for any loss or damages that may result from using the information provided. Participants take full responsibility for their own decisions and actions. The course is not a substitute for professional legal or financial advice.