In the first lecture, I discuss the history and nature of trusts. Topics include:
- The Statute of Uses under Henry VIII
- The Norman Invasion of England
- The elements necessary for the valid creation of an irrevocable trust
In the second lecture, I discuss the uses of trusts. Topics include:
- Necessary parties to a trust
- Lawful purposes of trusts
In the third lecture, I discuss the unique tax advantages of trusts. Topics include:
- The Internal Revenue Code's definition of "income" for a trust
- The Revised Code of Washington's definition of "income" for a trust
In these lectures, I mention the following resources:
~ Gilbert Law Summaries: Trusts, Edward C. Halbach, Jr. (12th Ed.)
~ Bogert on Trusts, George T. Bogert (Hornbook Series, 6th Ed.)
~ Trust Estates as Business Companies (2nd Ed., available for free download here.)
~ Revised Code of Washington's Uniform Principal and Income Act
~ Title 26 of the Internal Revenue Code, Section 643
