Nebraska § 30-3827 (UTC 401) Methods of creating trust

Nebraska Statutes

§ 30-3827 — (UTC 401) Methods of creating trust

Nebraska § 30-3827

Ch. 30Decedents' Estates; Protection of Persons and Property

This text of Nebraska § 30-3827 ((UTC 401) Methods of creating trust) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 30-3827 (2026).

Text

(UTC 401) 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)except as required by a statute other than the Nebraska Uniform Trust Code, declaration by the owner of property that the owner holds identifiable property as trustee; or

(3)exercise of a power of appointment in favor of a trustee.

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(UTC 401) 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) except as required by a statute other than the Nebraska Uniform Trust Code, declaration by the owner of property that the owner holds identifiable property as trustee; or
(3) exercise of a power of appointment in favor of a trustee.

Legislative History

Source: Laws 2003, LB 130, § 27. Annotations: Under subsection (1) of this section, a trust may be created in life insurance death benefits. In re Trust of Rosenberg, 273 Neb. 59, 727 N.W.2d 430 (2007).