§ 7731. Creation of trust - UTC 401.
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/pa/title-20/chapter-77/7731A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7731. Creation of trust - UTC 401.
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.
20c7732s