\documentclass[10pt,a4paper]{article}

% Packages
\usepackage{fancyhdr}           % For header and footer
\usepackage{multicol}           % Allows multicols in tables
\usepackage{tabularx}           % Intelligent column widths
\usepackage{tabulary}           % Used in header and footer
\usepackage{hhline}             % Border under tables
\usepackage{graphicx}           % For images
\usepackage{xcolor}             % For hex colours
%\usepackage[utf8x]{inputenc}    % For unicode character support
\usepackage[T1]{fontenc}        % Without this we get weird character replacements
\usepackage{colortbl}           % For coloured tables
\usepackage{setspace}           % For line height
\usepackage{lastpage}           % Needed for total page number
\usepackage{seqsplit}           % Splits long words.
%\usepackage{opensans}          % Can't make this work so far. Shame. Would be lovely.
\usepackage[normalem]{ulem}     % For underlining links
% Most of the following are not required for the majority
% of cheat sheets but are needed for some symbol support.
\usepackage{amsmath}            % Symbols
\usepackage{MnSymbol}           % Symbols
\usepackage{wasysym}            % Symbols
%\usepackage[english,german,french,spanish,italian]{babel}              % Languages

% Document Info
\author{parkeraz}
\pdfinfo{
  /Title (trusts.pdf)
  /Creator (Cheatography)
  /Author (parkeraz)
  /Subject (Trusts Cheat Sheet)
}

% Lengths and widths
\addtolength{\textwidth}{6cm}
\addtolength{\textheight}{-1cm}
\addtolength{\hoffset}{-3cm}
\addtolength{\voffset}{-2cm}
\setlength{\tabcolsep}{0.2cm} % Space between columns
\setlength{\headsep}{-12pt} % Reduce space between header and content
\setlength{\headheight}{85pt} % If less, LaTeX automatically increases it
\renewcommand{\footrulewidth}{0pt} % Remove footer line
\renewcommand{\headrulewidth}{0pt} % Remove header line
\renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit
% This two commands together give roughly
% the right line height in the tables
\renewcommand{\arraystretch}{1.3}
\onehalfspacing

% Commands
\newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour
\newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols
\newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns
\newcommand{\tn}{\tabularnewline} % Required as custom column type in use

% Font and Colours
\definecolor{HeadBackground}{HTML}{333333}
\definecolor{FootBackground}{HTML}{666666}
\definecolor{TextColor}{HTML}{333333}
\definecolor{DarkBackground}{HTML}{E89C61}
\definecolor{LightBackground}{HTML}{FCF2EB}
\renewcommand{\familydefault}{\sfdefault}
\color{TextColor}

% Header and Footer
\pagestyle{fancy}
\fancyhead{} % Set header to blank
\fancyfoot{} % Set footer to blank
\fancyhead[L]{
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
    \SetRowColor{DarkBackground}
    \vspace{-7pt}
    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
    }
\end{tabulary}
\columnbreak
\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Trusts Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{parkeraz} via \textcolor{DarkBackground}{\uline{cheatography.com/32519/cs/20093/}}}
\end{tabulary}
\end{multicols}}

\fancyfoot[L]{ \footnotesize
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{LL}
  \SetRowColor{FootBackground}
  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}parkeraz \\
  \uline{cheatography.com/parkeraz} \\
  \end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
  \SetRowColor{FootBackground}
  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 26th July, 2019.\\
   Page {\thepage} of \pageref{LastPage}.
\end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
  \SetRowColor{FootBackground}
  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}}  \\
  \SetRowColor{white}
  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
\end{tabulary}
\end{multicols}}




\begin{document}
\raggedright
\raggedcolumns

% Set font size to small. Switch to any value
% from this page to resize cheat sheet text:
% www.emerson.emory.edu/services/latex/latex_169.html
\footnotesize % Small font.

\begin{multicols*}{3}

\begin{tabularx}{5.377cm}{x{1.59264 cm} x{3.38436 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Definitions}}  \tn
% Row 0
\SetRowColor{LightBackground}
Trust & Management devise \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
Bifurcated Transfer & Trustee owns legal title but not equitable \tn 
% Row Count 3 (+ 2)
% Row 2
\SetRowColor{LightBackground}
Principal & Original trust property and any increase in value \tn 
% Row Count 5 (+ 2)
% Row 3
\SetRowColor{white}
Income & Money invested by the trust \tn 
% Row Count 6 (+ 1)
% Row 4
\SetRowColor{LightBackground}
Revocable & Majority presumes irrevocable; UTC presumes revocable \tn 
% Row Count 8 (+ 2)
% Row 5
\SetRowColor{white}
Mandatory Trust & Trustee must make distributions from the trust \tn 
% Row Count 10 (+ 2)
% Row 6
\SetRowColor{LightBackground}
\seqsplit{Discretionary} Trust & Trustee makes distributions in her discretion \tn 
% Row Count 12 (+ 2)
% Row 7
\SetRowColor{white}
Remedial Trust & Remedy created by operation of law \tn 
% Row Count 14 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.09494 cm} x{3.88206 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{People}}  \tn
% Row 0
\SetRowColor{LightBackground}
Settlor & Person who creates trust \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
Trustee & Person who manages the trust, has legal title to the property \tn 
% Row Count 3 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\seqsplit{Beneficiary} & Receives the benefit of the trust; has equitable title to property \tn 
% Row Count 6 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.59264 cm} x{3.38436 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Trust Distributions}}  \tn
% Row 0
\SetRowColor{LightBackground}
Mandatory Trust & Trustee has no discretion as to whether she will make a distribution \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\seqsplit{Discretionary} Trust & Trustee has complete discretion as to whether she will make a distribution \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
Support Trusts & Trustee makes distributions to support the beneficiary \tn 
% Row Count 8 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.59264 cm} x{3.38436 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Asset Protection Trust}}  \tn
% Row 0
\SetRowColor{LightBackground}
Goal & Shield beneficiaries from creditor's claims \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
Support Trusts & Creditors can reach only when trustee has made a support payment \tn 
% Row Count 5 (+ 3)
% Row 2
\SetRowColor{LightBackground}
\seqsplit{Discretionary} Trust & Creditors can only reach when trustee has made a payment \tn 
% Row Count 8 (+ 3)
% Row 3
\SetRowColor{white}
Spendthrift Trust & Trust expressly restricts the beneficiary's power to alienate her interest; creditors can only reach when trustee makes a payment \tn 
% Row Count 13 (+ 5)
% Row 4
\SetRowColor{LightBackground}
Exceptions & spousal or child support; provision of basic necessities; federal or state tax liens \tn 
% Row Count 17 (+ 4)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.84149 cm} x{3.13551 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Principal v. Income}}  \tn
% Row 0
\SetRowColor{LightBackground}
Old Rule & life beneficiary entitled to income; remainder interest entitled to principal \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
Modern Approach (UPAIA) & Trustee can re-characterize and reallocate as necessary to fulfill trust purpose; allocations must be reasonable \tn 
% Row Count 9 (+ 5)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{2.4885 cm} x{2.4885 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Express Trusts}}  \tn
% Row 0
\SetRowColor{LightBackground}
Express Trust & Owner expressly indicates intent to create truts \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
Private Express Trusts- Intent & "trust words" create presumption of trust (look out for precatory language); oral trusts are valid unless conveying real property or devise \tn 
% Row Count 10 (+ 7)
% Row 2
\SetRowColor{LightBackground}
Private Express Trusts- Trust Res & must be property in the trust (unless pour-over trust- trust my be in writing at time will is executed) \tn 
% Row Count 16 (+ 6)
% Row 3
\SetRowColor{white}
Private Express Trusts- Purpose & valid if not illegal or contrary to public policy \tn 
% Row Count 19 (+ 3)
% Row 4
\SetRowColor{LightBackground}
Private Express Trusts- Beneficiaries & Must be ascertained beneficiary- specific person or criteria \tn 
% Row Count 22 (+ 3)
% Row 5
\SetRowColor{white}
Charitable Trust & Must have charitable purpose; Rule Against Perpetuities does not apply; Cy Pres doctrin \tn 
% Row Count 27 (+ 5)
% Row 6
\SetRowColor{LightBackground}
Cy Pres Doctrine & Court can modify a trust if the trusts charitable purpose is not longer possible; must have had a general charitable purpose (if not goes to resulting trust); goal is to make as close to original purpose as possible \tn 
% Row Count 38 (+ 11)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{2.4885 cm} x{2.4885 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Express Trusts (cont)}}  \tn
% Row 7
\SetRowColor{LightBackground}
Charitable Trust- Standing & Attorney General's office has standing to enforce; UTC givers Settlor standing as well \tn 
% Row Count 5 (+ 5)
% Row 8
\SetRowColor{white}
Creation of Express Trust- Inter Vivos & during Settlor's life- declaration of trust  (Settlor declares herself the holder of property in trust and is trustee); deed of trust (settlor conveys property to a trustee) \tn 
% Row Count 14 (+ 9)
% Row 9
\SetRowColor{LightBackground}
Creation of Express Trust- Testamentary Transfer & Created according to terms of a will \tn 
% Row Count 17 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{p{0.64701 cm} x{4.32999 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Creditor's Ability to Reach}}  \tn
% Row 0
\SetRowColor{LightBackground}
Rule 1 & Beneficiary's equitable interest in trust property is freely alienable unless statute or trust instrument limit this right \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
Rule 2 & Creditor cannot reach trust principal or income until such amount becomes payable to the beneficiary or the beneficiary can demand it \tn 
% Row Count 8 (+ 4)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{2.14011 cm} x{2.83689 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Remedial Trusts}}  \tn
% Row 0
\SetRowColor{LightBackground}
Equitable Remedy & created by operation of law; passive in nature (trustee's only duty is to convey property back to settlor) \tn 
% Row Count 5 (+ 5)
% Row 1
\SetRowColor{white}
Resulting trusts & used when a trust fails; property returned to settlor or estate; avoid unjust enrichment \tn 
% Row Count 9 (+ 4)
% Row 2
\SetRowColor{LightBackground}
Purchase-Money Resulting Trust & person one buys property but title is taken in person two's name (person two is not the natural object of person one's bounty) \tn 
% Row Count 15 (+ 6)
% Row 3
\SetRowColor{white}
Avoiding a Resulting Trust & Create a gift-over clause \tn 
% Row Count 17 (+ 2)
% Row 4
\SetRowColor{LightBackground}
Constructive Trusts & Remedy used to prevent unjust enrichment if third party takes advantage of settlor; look for wrongful conduct directed toward settlor that caused settlor to create trust \tn 
% Row Count 25 (+ 8)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.44333 cm} x{3.53367 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Termination}}  \tn
% Row 0
\SetRowColor{LightBackground}
Expiration & Express trust can expire at the end of a stated term \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
Material purpose & Automatically terminates when the trust purpose is satisfied \tn 
% Row Count 5 (+ 3)
% Row 2
\SetRowColor{LightBackground}
Claflin Doctrine & Unfulfilled material purpose; trustee can block premature termination if the trust is still serving some material purpose \tn 
% Row Count 10 (+ 5)
% Row 3
\SetRowColor{white}
Settlor's power & Unilateral termination if expressly reserved the right; settlor and beneficiaries must consent if right to terminate was not expressly reserved \tn 
% Row Count 16 (+ 6)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.24425 cm} x{3.73275 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Modification}}  \tn
% Row 0
\SetRowColor{LightBackground}
Settlor alive & Unilaterally modify if reserved right; otherwise, all beneficiaries must consent and proposed change must not interfere with primary purpose of trust \tn 
% Row Count 5 (+ 5)
% Row 1
\SetRowColor{white}
Settlor dead & All beneficiaries agree to modification consistent with material purpose or unforeseen event frustrated purpose of trust \tn 
% Row Count 9 (+ 4)
% Row 2
\SetRowColor{LightBackground}
Trustee & cannot modify or terminate through unilateral action \tn 
% Row Count 11 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.09494 cm} x{3.88206 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Trustee Removal}}  \tn
% Row 0
\SetRowColor{LightBackground}
Remedy & Trustee breached a fiduciary duty or grossly mismanaged the property \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\seqsplit{Resignation} & Written notice, if settlor is alive, to co-trustees and beneficiaries \tn 
% Row Count 6 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.34379 cm} x{3.63321 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Trustee's Power}}  \tn
% Row 0
\SetRowColor{LightBackground}
Trust Documents & Look for powers here first- if silent, look to statutory and common law \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
Modern Trend & Grant trustee all those powers necessary to act as a reasonably prudent person \tn 
% Row Count 6 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.69218 cm} x{3.28482 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Trustee's Duties}}  \tn
% Row 0
\SetRowColor{LightBackground}
Loyalty & Did trustee act reasonably?; Self-dealing is a breach (always per se breach) \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
Care & Did trustee act in good faith?; duty of ordinary prudence \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
Delegation & common law- never allowed to delegate; modern law permits delegation \tn 
% Row Count 9 (+ 3)
% Row 3
\SetRowColor{white}
Investments & old rule- limited to specific list of investments; modern- prudent investor rule (expected to diversify assets and spread risk of loss) \tn 
% Row Count 15 (+ 6)
% Row 4
\SetRowColor{LightBackground}
Impartiality & balance competing interests of present and future beneficiaries \tn 
% Row Count 18 (+ 3)
% Row 5
\SetRowColor{white}
\seqsplit{Administrative} duties & Inform beneficiaries about nature of trust property; duty to account for actions taken on behalf of trust \tn 
% Row Count 23 (+ 5)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Future interests}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Review Property Sheet} \tn 
% Row Count 1 (+ 1)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}


% That's all folks
\end{multicols*}

\end{document}