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2018 Code of Alabama
Title 19 - FIDUCIARIES AND TRUSTS.
Chapter 3B - ALABAMA UNIFORM TRUST CODE.
Section 19-3B-401 - Methods of creating trust.
Universal Citation: AL Code § 19-3B-401 (2018)
Section 19-3B-401Methods of creating trust.
A trust may be created by:
(1) transfer of property to another person as trustee during the settlor's lifetime 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;
(3) exercise of a power of appointment in favor of a trustee; or
(4) a court in the exercise of its equitable powers.
(Act 2006-216, p. 314, §1.)
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