§ 19-3B-401 — Methods of Creating Trust

Alabama § 19-3B-401

• Jurisdiction: Alabama
• Title 19: Fiduciaries and Trusts
• Ch. 3B: Alabama Uniform Trust Code

Text

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.

Legislative History

(Act 2006-216, p. 314, §1.)