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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 31: Uniform Trust Code
Section: 3B:31-18: Methods of creating trust.
3B:31-18. Methods of Creating Trust.
A trust may be created by:
a. 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;
b. written declaration by the owner of property that the owner holds identifiable property as trustee; or
c. written exercise of a power of appointment in favor of a trustee.
L.2015, c.276, s.1.
This section added to the Rutgers Database: 2016-02-15 11:38:05.
Older versions of 3b:31-18 (if available):
Court decisions that cite this statute: