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List five names used to describe property that is held in a trust. What is a testamentary trust created? When does it come into existence?

  1. List five names used to describe property that is held in a trust.
  2. What is a testamentary trust created? When does it come into existence?
  3. What is a pourover will?
  4. How may a trust be terminated?
  5. What is the distinction between a resulting trust and a constructive trust?
  6. For what purposes may a trust be created?
  7. What is the difference between legal title and equitable title?
  8. What are the elements of a valid trust?
  9. What is a cestui que trust?
  10. Will a trust fail for lack of a trustee? May a trustee be a corporation or other legal entity that is not a person?

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