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

Nebraska Statutes

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

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

(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.

Nebraska § 30-3827 ((UTC 401) Methods of creating trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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).