N.Y. EPT Law § 7-1.18
This is the official text of N.Y. EPT Law § 7-1.18, part of New York’s EPT Law — part of the compiled statutory law of New York, published by the state as "EPT Law." Browse the sections below, each linked to its official government source.
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Funding of lifetime trust
Official statutory text
§ 7-1.18 Funding of lifetime trust\n A lifetime trust shall be valid as to any assets therein to the extent\nthe assets have been transferred to the trust. For purposes of this\nsection, (a) transfer is not accomplished by recital of assignment,\nholding or receipt in the trust instrument, and (b) in the case of a\ntrust of which the creator is the sole trustee, transfer shall mean in\nthe case of assets capable of registration such as real estate, stocks,\nbonds, bank and brokerage accounts and the like, the recording of the\ndeed or the completion of registration of the asset in the name of the\ntrust or trustee, and in the case of other assets a written assignment\ndescribing the asset with particularity.\n
Status: in_force · Read it on the official government site
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