3B:31-18 Methods of creating trust.
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 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 trustee; or
c.written exercise of a power of appointment in favor of a trustee.
L.2015, c.276, s.1.
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Last modified: October 11, 2016