anonymous 10/23/2007 | 0 (0) | 398 | 38 | 0 | English
Private Express Trust
= a fiduciary relationship with respect to property whereby one person, the trustee, holds legal title for the benefit of another, the beneficiary, and which arises out of a manifestation of intent to create it for a legal purpose. (memorize)
Elements
(1) Property, (2) Beneficiary, (3) Trustee, (4) Intent, (5) Creation, (6) ... more>>