Me. Stat. tit. 18-B § 401

Current through 131st (2023-2024) Legislature Chapter 684

Section 401 - Methods of creating trust

A trust may be created by: [2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

1.Transfer of property. 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;

[2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

2.Declaration. Declaration by the owner of property that the owner holds identifiable property as trustee; or

[2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

3.Exercise of power. Exercise of a power of appointment in favor of a trustee.

[2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

18-B M.R.S. § 401

2003, c. 618, §A1 (NEW) . 2003, c. 618, §A2 (AFF) .