Alabama Statutes
§ 19-3B-401 — Methods of Creating Trust
A trust may be created by:
(1)transfer of property to another person as trustee during the settlor’s lifetime or by will or other disposition taking effect upon the settlor’s death;
(2)declaration by the owner of property that the owner holds identifiable property as trustee;
(3)exercise of a power of appointment in favor of a trustee; or
(4)a court in the exercise of its equitable powers.
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Legislative History
(Act 2006-216, p. 314, §1.)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short Title