Wills and Trusts

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Across
  1. 5. Gift payable from general assets of the estate
  2. 7. Doctrine undoing a mistaken revocation
  3. 8. Court modification allowed when compliance would defeat the trust’s purpose
  4. 9. Requirement that beneficiary survive T by statutory period
  5. 12. Modification allowed when charitable purpose becomes impossible or impracticable
  6. 13. Duty; Trustee must act with reasonable care, skill, and caution
  7. 14. Rule preventing too much dead hand control
  8. 17. Duty; Trustee must provide information upon request + keep beneficiaries informed + render formal financial records of administration
  9. 18. Equitable remedy used to prevent unjust enrichment
  10. 20. Property held by trustee for beneficiaries
  11. 22. Allows external acts with non-disposition-related purposes to explain or distribute property
  12. 25. interest violates RAP but can be saved by _____
  13. 27. Clause disposing of everything not otherwise given
  14. 30. Duty; Trustee must act solely for beneficiaries without self-dealing
  15. 33. Settlor must have ______ to create a fiduciary relationship
  16. 36. Rule that saves a gift when beneficiary is a close relative leaving issue
  17. 37. Trust created by will
  18. 38. married + will->marry->death + unintentional unwaived not provided for
  19. 41. Allows documents not in the will to be treated as if written into it
  20. 42. Revocation done by burning tearing or canceling with intent
Down
  1. 1. Trust arising when express trust fails and property returns to settlor
  2. 2. Gift fails because the beneficiary predeceases and no statute saves it
  3. 3. Trust created to benefit a broad indefinite class
  4. 4. valid will 2 has things that conflict with valid will 1
  5. 6. Provision restricting transfers of beneficial interests
  6. 10. Lifetime gift counts toward or satisfies a testamentary gift
  7. 11. Rule addressing whether prior will stands after later will is revoked
  8. 15. Duty; Trustee must balance interests of income and remainder beneficiaries
  9. 16. must not stray from _______ when trying to modify/revoke by agreement
  10. 19. Requirement that trust beneficiaries be definite or determinable
  11. 21. Trustee must avoid concentrated investments unless justified
  12. 23. Specific item gift fails because T no longer owns the property
  13. 24. Later will revokes an earlier one expressly or by inconsistency
  14. 26. Will clause sending assets into a trust
  15. 28. Gift of a particular identified item
  16. 29. Gift to a group defined by relationship not by individual names
  17. 31. Reduction of gifts when estate assets are insufficient
  18. 32. Ambiguity that emerges only when applying the will to facts
  19. 34. ambiguity apparent on the face of the will
  20. 35. Trust created during settlor’s lifetime
  21. 39. Statutory protection for child born or adopted after execution of will
  22. 40. Trust giving trustee discretion over timing/amount of distributions