Tenn. Code § 35-15-401

Current through Acts 2023-2024, ch. 1069

Section 35-15-401 - Methods of creating trust

A trust may be created by:

(1) The 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;

(2) The declaration by the owner of property that the owner holds identifiable property as trustee;

(3) The exercise of a power of appointment in favor of a trustee; or

(4) A court pursuant to its statutory or equitable powers.

T.C.A. § 35-15-401

Acts 2004, ch. 537, § 23.