The development of the law of trusts in England was influenced by a number of historical events, including the growth of the equity jurisdiction of the court of chancery. Equity refers to a body of legal principles and rules that complement and supplement the common law, and it developed in...
To make a valid will, the following elements are typically required:
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Capacity: The testator (person making the will) must have the mental capacity to understand the nature and consequences of making a will.
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Intent: The testator must have the intention to create a binding legal document that...
The requirements for opening an express trust account at a bank vary depending on the bank and the jurisdiction in which it operates. However, some common requirements that banks may need to open an express trust account include:
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Proof of identity: Banks may require the person...
The first express trust in the United States was established in 1838 by the Massachusetts Supreme Judicial Court in the case of Will of Hill v. Will of Merrick.
In the case of Will of Hill v. Will of Merrick, the Massachusetts Supreme Judicial Court established the concept of an...
