Methods of creating trust.

1. Law
2. New Mexico Statutes
3. Uniform Trust Code
4. Creation, Validity, Modification and Termination of Trust
5. Methods of creating trust.

A trust may be created by:

A. 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;

B. declaration by the owner of property that the owner holds identifiable property as trustee; or

C. exercise of a power of appointment in favor of a trustee.

History: Laws 2003, ch. 122, § 4-401.

ANNOTATIONS

Effective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.

Law reviews. — For article, "The New Mexico Uniform Trust Code," see 34 N.M.L. Rev. 1 (2004).

Download our app to see the most-to-date content.