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§ 7731. Creation of trust - UTC 401

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: November 6, 2006

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 77. Trusts (Refs & Annos)
Subchapter D. Creation, Validity, Modification and Termination of Trust (Refs & Annos)
Effective: November 6, 2006
20 Pa.C.S.A. § 7731
§ 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.

Credits

2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006].
20 Pa.C.S.A. § 7731, PA ST 20 Pa.C.S.A. § 7731
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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