Ky. Rev. Stat. § 386B.4-010

Current through Acts Received April 24, 2024

Section 386B.4-010 - 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 on the settlor's death;

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

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

KRS 386B.4-010

Added by 2014 Ky. Acts ch. 25,§ 23, eff. 7/15/2014.