N.M. Stat. § 46A-4-401

Current through 2024, ch. 69

Section 46A-4-401 - 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.

NMS § 46A-4-401

Laws 2003, ch. 122, § 4 -401.