Galen transferred $400,000 to City Bank "as trustee to invest and distribute income equally to my children, Lina and Omar, for 10 years, then distribute principal equally to them." City Bank signed a receipt but later de...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 402 and 704
Owen's will left $600,000 to Trustee. The will directed Trustee to use $250,000 "for my true friends who stood by me, in whatever amounts Trustee thinks fair"; $250,000 "to fund scholarships for graduates of County High...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 402, 405, and 408
...penses." Tom deposited the check into a separate account titled "Tom, trustee for Ezra." Rina did not sign any writing about the $90,000. At the same meeting, Rina also said, "I want you to hold my vacant lot for Ezra on...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 401, 402, and 407
...esignations, and federal preemption. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Pro...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code revocation-on-divorce principles, ERISA beneficiary-designation principles
Celia signed a notarized document titled "Ridge Trust." The document stated, "I declare that I hold my brokerage account ending in 4412 and my lake cabin on Pine Road as trustee. During my life, income may be used for me...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 401 and 402
...thing." Leah kept the art in her home and did not otherwise mention a trust. In September, after a stroke, Leah depended on her paid caregiver, Nora, for medication, meals, and access to visitors. Nora began answering Le...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code section 402, Uniform Trust Code section 406
...attempted alteration or revocation. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-503
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-503
Leah created the Leah Revocable Trust in a signed trust instrument. The trust provided that, at Leah's death, trust property would be distributed 60 percent to her daughter, Mira, and 40 percent to her son, Owen. The tru...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code pour-over and nonprobate-transfer principles, Uniform Trust Code revocable trust principles
...ts, and lifetime beneficiary rights. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Real Property Transfer...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Real Property Transfer on Death Act principles, Uniform Probate Code nonprobate-transfer principles
Trust created a $2 million trust for Settlor's spouse, Mira, for life, remainder to Settlor's children, Noah and Priya. Trustee, who is Settlor's cousin, owned 40 percent of a struggling real estate company. Without tell...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 802, 1001, and 1002
Trust directs Trustee to pay income to Aunt Lila for life, then distribute principal to Settlor's grandchildren. Trustee is Settlor's friend. For six years, Trustee sent Lila checks but provided no accountings to Lila or...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 813, 1001, and 1005
Trust provides: "Pay income to my spouse, Rosa, for life. Trustee may distribute principal to Rosa as needed for health and support. At Rosa's death, distribute remaining principal to my children, Ben and Callie." Truste...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 803, 814, 1001, and 1002
Trust requires Trustee to maintain a family farm unless all adult beneficiaries consent to a sale. The trust also states, "Trustee shall not be liable for mistakes in judgment made in good faith." Without seeking consent...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 801, 1001, 1002, and 1008
Settlor's will created a trust to pay income to her son, Felix, for life, with principal to Felix's children at his death. The trust instrument gave Trustee "broad investment discretion" but did not waive fiduciary dutie...
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Trust Code sections 804, 807, 1001, and 1002, Uniform Prudent Investor Act principles
At dinner, Landowner told Friend, "I want you to hold my farm in trust for my daughter until she turns 30." Landowner never signed a deed, trust instrument, memorandum, or any other writing referring to the farm trust. T...
Citations: Uniform Trust Code section 407, Common-law Statute of Frauds principles
...share calculation among descendants. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code representation principles
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code representation principles
...ild status for intestate succession. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code parent-child relationship provisions
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code parent-child relationship provisions
...nesses, and self-proving affidavits. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-502
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-502
...ocation, and acts by another person. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-507
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-507
...phic wills and handwritten codicils. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-502
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code section 2-502
...hares in a blended-family intestacy. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code Article II intestacy principles
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code Article II intestacy principles
...layer treatment, and representation. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code survival and slayer principles
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code survival and slayer principles
...otchpot accounting, and disclaimers. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code advancement and disclaimer principles
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code advancement and disclaimer principles
...probate versus nonprobate ownership. NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code multiple-party account principles
Citations: NCBE MEE Subject Matter Outline, Trusts and Estates, Uniform Probate Code multiple-party account principles
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