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TRUSTS (CREATION (Res (trust property) (inter vivos transfer, testamentary…
TRUSTS
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MODIFICATION
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By Beneficiaries
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If all B's do not agree, court may modify when could have been modified & interests protected
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Definition- fiduciary relationship where trustee holds legal title to property with duty to manage, invest, safeguard, and administer trust assets & income for designated beneficiaries, who hold equitable title