Arizona Laws 14-10401. Methods of creating trust
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A trust may be created by:
Terms Used In Arizona Laws 14-10401
- Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency or instrumentality, public corporation or any other legal or commercial entity. See Arizona Laws 14-10103
- Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest in anything that may be the subject of ownership. See Arizona Laws 14-10103
- Settlor: means a person, including a testator, who creates or contributes property to a trust. See Arizona Laws 14-10103
- Trust: includes an express trust, private or charitable, with any additions, wherever and however created. See Arizona Laws 14-1201
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional and successor trustee and a cotrustee. See Arizona Laws 14-10103
1. Transfer of property to another person as trustee during the settlor‘s lifetime or by will or other disposition taking effect on the settlor’s death.
2. Declaration by the owner of property that the owner holds identifiable property as trustee.
3. Exercise of a power of appointment in favor of a trustee.