1 rich Libsyn https://www.libsyn.com 90 600 Welcome back to the Bar Exam Toolbox podcast! This episode of our &quot;Listen and Learn&quot; series explains the fundamentals of trust formation and administration, covering the requirements for creating both private and charitable trusts. &amp;nbsp; 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: &quot;Listen and Learn&quot; 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/) If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/bar-exam-toolbox-podcast-pass-bar-exam-less-stress/id1370651486) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Bar Exam Toolbox website (https://barexamtoolbox.com/contact-us/). Finally, if you don't want to miss anything, you can sign up for podcast updates (https://barexamtoolbox.com/get-bar-exam-toolbox-podcast-updates/)! Thanks for listening! Alison &amp;amp; Lee The Bar Exam Toolbox Podcast: Pass the Bar Exam with Less Stress https://barexamtoolbox.com/podcast <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/39612365/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/39612365