Code · Arizona · Title 14 — Education, Libraries, and Museums

14-10407. Evidence of oral trust

74 words·~1 min read·/az/title-14/14-10407

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Except as required by a statute other than this chapter, a trust need not be evidenced by a trust instrument, but the creation of an oral trust shall be established only by clear and convincing evidence and the terms of the oral trust shall be established by a preponderance of the evidence. If a trust is created by written instrument, it may be amended or revoked only by written instrument executed by the settlor.