Trusts - Prof. Beyer – 2022 Exam
Practice Questions – COMPLETE SOLUTION
Steven transfers legal title to Thomas and equitable title to Brenda. Is there a sufficient split of title to
create a trust? - ✔✔Yes
Steven ret
...
Trusts - Prof. Beyer – 2022 Exam
Practice Questions – COMPLETE SOLUTION
Steven transfers legal title to Thomas and equitable title to Brenda. Is there a sufficient split of title to
create a trust? - ✔✔Yes
Steven retains legal title and transfers equitable title to Brenda. Is there a sufficient split of title to create
a trust? - ✔✔Yes
Steven transfers legal title to Thomas and retains equitable title. Is there a sufficient split of title to
create a trust? - ✔✔Yes
Steven transfers legal title to Thomas and equitable title to both Thomas and Brenda. Is there a
sufficient split of title to create a trust? - ✔✔Yes because sole trustee is not the sole beneficiary
Steven transfers legal and equitable title to Thomas. Is there a sufficient split of title to create a trust? -
✔✔No, there must be at least a slight split of title
Steven transfers legal title to both Thomas and Brenda and equitable title to Brenda. Is there a sufficient
split of title to create a trust? - ✔✔Yes because sole beneficiary is not the sole trustee
Steven transfers legal title to both Thomas and Brenda and equitable title to both Thomas and Brenda as
well. Is there a sufficient split of title to create a trust? - ✔✔Yes because there is not a single person with
both legal and equitable title
Settlor created a valid trust naming Tom and Theresa as trustees. On Jan. 10, 2018, they conveyed all of
their legal title to Bruce, the only beneficiary of the trust. What are the ramifications of the trustees'
conduct? - ✔✔Merger
Paul gave Arthur written authority to sell some of Paul's property located in another state and to remit
the proceeds back to Paul. Did Paul create a trust? - ✔✔No, this is an agency relationshipAdam and Brooke were neighbors. Adam borrowed a stepladder from Brooke to install a ceiling fan in
Adam's living room. Brooke gave Adam her dog to feed and care for while Brooke went on vacation.
Brooke lent Adam her notebook computer for one month in exchange for Adam's promise to to buy her
a new battery for the computer. Did any of these transactions create a trust? - ✔✔No, these are all
bailments
Oscar conveyed real property to George as follows, "To George and his heirs but if tobacco products are
sold on the premises, the I or my heirs may reenter and terminate the estate." Did Oscar create a trust?
- ✔✔No, fee simple subject to a condition subsequent
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