§ 18-14-2 - Testamentary additions to trusts. - Rhode Island Statutes

SECTION 18-14-2

   § 18-14-2  Testamentary additions totrusts. – (a) A will may validly devise or bequeath property to the trustee of a trustestablished or to be established:

   (1) During the testator's lifetime by the testator, by thetestator and some other person, or by some other person, including a funded orunfunded life insurance trust, although the trustor has reserved any or allrights of ownership of the insurance contracts; or

   (2) At the testator's death by the testator's devise to thetrustee, if the trust is identified in the testator's will and its terms areset forth in a written instrument, other than a will, executed before,concurrently with, or after the execution of the testator's will, or in anotherindividual's will if that other individual has predeceased the testator,regardless of the existence, size, or character of the corpus of the trust.

   (b) The devise or bequest is not invalid because the trust isamendable or revocable, or because the trust was amended after the execution ofthe will or the testator's death.

   (c) Unless the testator's will provides otherwise, propertydevised or bequeathed to a trust described in subsection (a) of this section isnot held under a testamentary trust of the testator but it becomes a part ofthe trust to which it is devised or bequeathed, and must be administered anddisposed of in accordance with the provisions of the governing instrumentsetting forth the terms of the trust, including any amendments to it madebefore or after the testator's death.

   (d) Unless the testator's will provides otherwise, arevocation or termination of the trust before the testator's death causes thedevise or bequest to lapse.