Pennsylvania § 7731 Creation of trust - UTC 401

Pennsylvania Statutes

§ 7731 — Creation of trust - UTC 401

Pennsylvania § 7731

Title 20DECEDENTS, ESTATES AND FIDUCIARIES

Ch. 77TRUSTS

Subch.CREATION, VALIDITY, MODIFICATION

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Bluebook

20 Pa. Cons. Stat. § 7731 (2026).

Text

A trust may be created by:

(1)transfer of property under a written instrument to another person as trustee during the settlor's lifetime or by will or other written disposition taking effect upon the settlor's death;

(2)written declaration, signed by or on behalf and at the direction of the owner of property as required by section 7732 (relating to requirements for creation - UTC 402), that the owner holds identifiable property as trustee; or

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

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A trust may be created by:

(1) transfer of property under a written instrument to another person as trustee during the settlor's lifetime or by will or other written disposition taking effect upon the settlor's death;

(2) written declaration, signed by or on behalf and at the direction of the owner of property as required by section 7732 (relating to requirements for creation - UTC 402), that the owner holds identifiable property as trustee; or

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