14A V.S.A. § 401
This is the official text of 14A V.S.A. § 401, part of Vermont’s V.S.A — part of the compiled statutory law of Vermont, published by the state as "V.S.A." Browse the sections below, each linked to its official government source.
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§ 401. Methods of creating trust
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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