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Current as of January 01, 2024 | Updated by Findlaw Staff
A trust may be created:
(1) by transfer of property to another person as trustee or to the trust in the trust's name during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
(2) by declaration by the owner of property that the owner holds identifiable property as trustee;
(3) by exercise of a power of appointment in favor of a trustee;
(4) pursuant to a statute or judgment or decree that requires property to be administered in the manner of an express trust; or
(5) by an agent or attorney-in-fact under a power of attorney that expressly grants authority to create the trust.
Cite this article: FindLaw.com - Vermont Statutes Title 14 A. Trusts, § 401. Methods of creating trust - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-14-a-trusts/vt-st-tit-14a-sect-401/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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