Arkansas § 28-73-401 Methods of creating trust

Arkansas Statutes

§ 28-73-401 — 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) an agent under a power of attorney that expressly grants the agent the authority to create a trust.

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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) an agent under a power of attorney that expressly grants the agent the authority to create a trust.

Arkansas § 28-73-401 (Methods of creating trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.