Welcome back to the Bar Exam Toolbox podcast! This episode of our "Listen and Learn" series explains the fundamentals of trust formation and administration, covering the requirements for creating both private and charitable trusts.

In this episode, we discuss:

The different types of trusts
Requirements for creating an express private trust
Charitable trusts
Duties owed by the trustee
Two hypotheticals illustrating how trusts are created and administered

Resources:

Download the Transcript (https://barexamtoolbox.com/episode-340-listen-and-learn-trust-formation-and-administration/)

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Thanks for listening!

Alison & Lee