3B:4-2. A will may validly devise property to the trustee of a trust established or a trust which will be established: (1) during the testators lifetime by the testator, or by the testator and some other person, or by some other person including a funded or unfunded life insurance trust, although the settlor has reserved any or all rights of ownership of the insurance contracts, or (2) at the testators death by the testators devise to the trustee, if the trust is identified in the testators will, and its terms are set forth in a written instrument, other than a will, executed before, concurrently with, or after the execution of the testators will or in another individuals will, executed before, concurrently with or after the execution of the testators will, if that other individual has predeceased the testator, regardless of the existence, size, or character of the corpus of the trust. L.1981, c.405, s.3B:4-2, eff. May 1, 1982; amended 2004, c.132, s.40.
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