Tennessee § 35-15-401 Methods of creating trust

Tennessee Statutes

§ 35-15-401 — Methods of creating trust

A trust may be created by:

(1)The 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)The declaration by the owner of property that the owner holds identifiable property as trustee;

(3)The exercise of a power of appointment in favor of a trustee; or (4) A court pursuant to its statutory or equitable powers.

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A trust may be created by: (1) The 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) The declaration by the owner of property that the owner holds identifiable property as trustee; (3) The exercise of a power of appointment in favor of a trustee; or (4) A court pursuant to its statutory or equitable powers.

Tennessee § 35-15-401 (Methods of creating trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.