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:

"Listen and Learn" series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn)
California Bar Examination – Essay Questions and Selected Answers, February 2012 (https://www.calbar.ca.gov/sites/default/files/portals/0/documents/admissions/CBXFeb2012_SelectedAnswers_R.pdf)
Podcast Episode 27: Tackling and MEE Question: Wills and Trusts (https://barexamtoolbox.com/podcast-episode-27-tackling-an-mee-question-wills-and-trusts/)
Podcast Episode 75: Tackling a California Bar Exam Essay: Trusts (https://barexamtoolbox.com/podcast-episode-75-tackling-a-california-bar-exam-essay-trusts/)
Podcast Episode 102: Listen and Learn – The Statute of Frauds (https://barexamtoolbox.com/podcast-episode-102-listen-and-learn-the-statute-of-frauds/)
Podcast Episode 201: Listen and Learn – Rule Against Perpetuities (Property Law) (https://barexamtoolbox.com/podcast-episode-201-listen-and-learn-rule-against-perpetuities-property-law/)
Podcast Episode 250: Listen and Learn – Present and Future Estates (Part 1) (https://barexamtoolbox.com/podcast-episode-250-listen-and-learn-present-and-future-estates-part-1/)
Podcast Episode 251: Listen and Learn – Present and Future Estates (Part 2) (https://barexamtoolbox.com/podcast-episode-251-listen-and-learn-present-and-future-estates-part-2/)
Podcast Episode 326: Listen and Learn – Intestate Distribution (Wills and Trusts) (https://barexamtoolbox.com/podcast-episode-326-listen-and-learn-intestate-distribution-wills-and-trusts/)
SpacedRepetition.com (https://spacedrepetition.com/)

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

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Thanks for listening!

Alison & Lee

340: Listen and Learn -- Trust Formation and Administration

The Bar Exam Toolbox Podcast: Pass the Bar Exam with Less Stress