2010 Code of Virginia
Title 55 - PROPERTY AND CONVEYANCES.
Chapter 31 - Uniform Trust Code (55-541.01 thru 55-551.06)
55-544.01 - Methods of creating trust.
§ 55-544.01. Methods of creating trust.
A trust may be created by:
1. Transfer of property to another person as trustee during the settlor's lifetime by the settlor or by the settlor's agent, acting in accordance with § 26-85, under a power of attorney, which expressly authorizes the agent to create a trust on settlor's behalf; or by will or other disposition taking effect upon 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.
(2005, c. 935; 2010, cc. 455, 632.)
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