7731 - Creation of trust - UTC 401. - Pennsylvania Statutes

SUBCHAPTER D CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST Sec. 7731. Creation of trust - UTC 401. 7732. Requirements for creation - UTC 402. 7733. Written trusts created in other jurisdictions - UTC 403. 7734. Trust purposes - UTC 404. 7735. Charitable purposes; enforcement - UTC 405. 7736. Creation of trust induced by fraud, duress or undue influence - UTC 406. 7737. Oral trusts unenforceable. 7738. Trust for care of animal - UTC 408. 7739. Noncharitable trust without ascertainable beneficiary - UTC 409. 7740. Termination of trusts; proceedings for termination or modification of trusts - UTC 410. 7740.1. Modification or termination of noncharitable irrevocable trust by consent - UTC 411. 7740.2. Modification or termination of noncharitable irrevocable trust by court - UTC 412. 7740.3. Charitable trusts - UTC 413. 7740.4. Modification or termination of noncharitable trust - UTC 414. 7740.5. Reformation to correct mistakes - UTC 415. 7740.6. Modification to achieve settlor's tax objectives - UTC 416. 7740.7. Division of trusts. 7740.8. Combination of trusts. Cross References. Subchapter D is referred to in section 7701 of this title. § 7731. Creation of trust - UTC 401. A trust may be created by: (1) transfer of property under a written instrument to another person as trustee during the settlor's lifetime or by will or other written disposition taking effect upon the settlor's death; (2) written declaration, signed by or on behalf and at the direction of the owner of property as required by section 7732 (relating to requirements for creation - UTC 402), that the owner holds identifiable property as trustee; or (3) written exercise of a power of appointment in favor of a trustee.