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Trusts (Creation (Trustee (mental capacity, no minors, settlor can create…

- - - - inter vivos transfer
      - testamentary trust
- - - - gives to rightful owners
      - even if no wrongdoing
      - upon failure of express
    - - deprive wrongdoer of retaining improperly obtained prop
      - equitable remedy
  - - - indefinite bene's
      - charitable purpose
      - rule against perp
      - Cy Pres doctrine
      - Termination
    - - inter vivos by transfer or property
      - testamentary trust created by will
      - inter vivos trust via declaration
- - - - revoke or amend
      - unless irrevocable
    - - if conflicts w/ purpose, settlor's consent
      - if not, no consent
      - if Bene's don't agree, court can mod
    - - can terminate is less than 50k
      - amount insuff to justify cost of admin