Md. Code, Est. & Trusts § 14.5-401

Current with changes from the 2024 Legislative Session

Section 14.5-401 - Creation of trust

A trust may be created by:

(1) Transfer of property to another person as trustee during the lifetime of the settlor or by will or other disposition taking effect on the death of the settlor;

(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.

Md. Code, ET § 14.5-401

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.