Ala. Code § 19-3B-401

Current with legislation from 2024 effective through May 17, 2024.

Section 19-3B-401 - Methods of creating trust

A trust may be created by:

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

(3) exercise of a power of appointment in favor of a trustee; or

(4) a court in the exercise of its equitable powers.

Ala. Code § 19-3B-401 (1975)

Act 2006-216, p. 314, §1.