Arizona § 14-10407 Evidence of oral trust

Arizona Statutes

§ 14-10407 — Evidence of oral trust

Arizona·Title 14 Arizona Revised Statutes·Ch. 11 ARIZONA TRUST CODE·Art. 4 Creation, Validity, Modification and Termination of Trust

Except as required by a statute other than this chapter, a trust need not be evidenced by a trust instrument, but the creation of an oral trust shall be established only by clear and convincing evidence and the terms of the oral trust shall be established by a preponderance of the evidence.  If a trust is created by written instrument, it may be amended or revoked only by written instrument executed by the settlor.

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Except as required by a statute other than this chapter, a trust need not be evidenced by a trust instrument, but the creation of an oral trust shall be established only by clear and convincing evidence and the terms of the oral trust shall be established by a preponderance of the evidence. If a trust is created by written instrument, it may be amended or revoked only by written instrument executed by the settlor.

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