2011 California Code
Probate Code
DIVISION 9. TRUST LAW [15000 - 19403]
CHAPTER 1. Creation and Validity of Trusts
Section 15205

CA Prob Code § 15205 (through 2012 Leg Sess) What's This?

(a) A trust, other than a charitable trust, is created only if there is a beneficiary.

(b) The requirement of subdivision (a) is satisfied if the trust instrument provides for either of the following:

(1) A beneficiary or class of beneficiaries that is ascertainable with reasonable certainty or that is sufficiently described so it can be determined that some person meets the description or is within the class.

(2) A grant of a power to the trustee or some other person to select the beneficiaries based on a standard or in the discretion of the trustee or other person.

(Enacted by Stats. 1990, Ch. 79.)

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