30-3827 (UTC 401) Methods of creating trust. - Nebraska Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3827

30-3827. (UTC 401) Methods of creating trust.(UTC 401) A trust may be created by:(1) 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) except as required by a statute other than the Nebraska Uniform Trust Code, 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. SourceLaws 2003, LB 130, § 27. AnnotationsUnder subsection (1) of this section, a trust may be created in life insurance death benefits. In re Trust of Rosenberg, 273 Neb. 59, 727 N.W.2d 430 (2007).

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3827

30-3827. (UTC 401) Methods of creating trust.(UTC 401) A trust may be created by:(1) 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) except as required by a statute other than the Nebraska Uniform Trust Code, 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. SourceLaws 2003, LB 130, § 27. AnnotationsUnder subsection (1) of this section, a trust may be created in life insurance death benefits. In re Trust of Rosenberg, 273 Neb. 59, 727 N.W.2d 430 (2007).

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3827

30-3827. (UTC 401) Methods of creating trust.(UTC 401) A trust may be created by:(1) 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) except as required by a statute other than the Nebraska Uniform Trust Code, 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. SourceLaws 2003, LB 130, § 27. AnnotationsUnder subsection (1) of this section, a trust may be created in life insurance death benefits. In re Trust of Rosenberg, 273 Neb. 59, 727 N.W.2d 430 (2007).