Wills and Trusts

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Wills and Trusts by Mind Map: Wills and Trusts

1. Intestacy

2. Wills

2.1. Creation of Wills

2.2. Will Execution and Statutory Requirements

2.3. Will Components

2.3.1. Codicil

2.3.2. Doctrine of Integration

2.3.3. Incorporation by Reference

2.3.4. Doctrine of Acts of Independent Significance

2.3.5. Interpreting Wills

2.3.6. Mistakes and Reformation of Wills

2.4. Revocation and Revival

2.4.1. Intentional Revocation

2.4.2. Revocation by Operation of Law

2.4.3. Revival

2.4.4. Dependent Relative Revocation

2.5. Changed Circumstances

2.5.1. Classification of Gifts

2.5.2. Abatement

2.5.3. Accretion - Growth in Value

2.5.4. Ademption by Extinction

2.5.5. Exoneration

2.5.6. Acts of Beneficiary

2.5.7. Acts of Property Holder

2.6. Protecting the Family

3. Trusts

3.1. Creation of Trusts

3.2. Rights of Beneficiaries

3.3. Reformation, Modification, and Termination of Trusts

3.4. Successive Interests

3.5. Powers of Appointment

4. Introduction and Overview of Inter-Generational Wealth Transfer