2012 New York Consolidated Laws
EPT - Estates, Powers & Trusts
Article 7 - TRUSTS
Part 1 - (7-1.1 - 7-1.19) RULES GOVERNING TRUSTS
7-1.18 - Funding of lifetime trust

 
  § 7-1.18 Funding of lifetime trust
    A lifetime trust shall be valid as to any assets therein to the extent
  the  assets  have  been  transferred  to the trust. For purposes of this
  section, (a) transfer is not  accomplished  by  recital  of  assignment,
  holding  or  receipt  in  the trust instrument, and (b) in the case of a
  trust of which the creator is the sole trustee, transfer shall  mean  in
  the  case of assets capable of registration such as real estate, stocks,
  bonds, bank and brokerage accounts and the like, the  recording  of  the
  deed  or  the completion of registration of the asset in the name of the
  trust or trustee, and in the case of other assets a  written  assignment
  describing the asset with particularity.