3B:31-18. Methods of Creating Trust.
A trust may be created by:
a. transfer of property under a written instrument to another person as trustee during the
A trust may be created by:
a. transfer of property under a written instrument to another person as trustee during the
settlor's lifetime or by will or other written disposition taking effect upon the settlor's death;
b. written declaration by the owner of property that the owner holds identifiable property as
b. written declaration by the owner of property that the owner holds identifiable property as
trustee; or
c. written exercise of a power of appointment in favor of a trustee.
c. written exercise of a power of appointment in favor of a trustee.
No comments:
Post a Comment