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14 chapters · 154 sections in this title.
14A V.S.A. ch. 004, § 401 Methods of creating trust
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§ 401. Methods of creating trust A trust may be created: (1) by transfer of property to another person as trustee or to the trust in the trust’s name during the settlor’s lifetime or by will or other disposition taking effect upon the settlor’s death; (2) by declaration by the ow…
14A V.S.A. ch. 004, § 402 Requirements for creation
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§ 402. Requirements for creation (a) A trust is created only if: (1) the settlor has capacity to create a trust; (2) the settlor indicates an intention to create the trust; (3) the trust has a definite beneficiary or is: (A) a charitable trust; (B) a trust for the care of an anim…
14A V.S.A. ch. 004, § 403 Trusts created in other jurisdictions
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§ 403. Trusts created in other jurisdictions A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed, or the law of the jurisdiction in which, at the time of creation: (1) the settlor was …
14A V.S.A. ch. 004, § 404 Trust purposes
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§ 404. Trust purposes A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries. (Added 2009, No. 20, § 1.)