Code · New Jersey · Title 3B — Administration of Estates--Decedents and Others · Chapter 31

3B:31-18 Methods of creating trust.

73 words·~1 min read·/nj/title-3b/chapter-31/3b-31-18

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

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.