N.J.S.A. 3B:31-18

Methods of creating trust.

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.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 3B:31-18, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 3B:31-18 — Methods of creating trust. | Kyzer