Texas Property Code

§ 112.001 — METHODS OF CREATING TRUST

PR § 112.001Title 9. TRUSTS · Part B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS · Ch. 112. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS · Art. A. CREATION

Statute text

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A trust may be created by:

(1)a property owner's declaration that the owner holds the property as trustee for another person;

(2)a property owner's inter vivos transfer of the property to another person as trustee for the transferor or a third person;

(3)a property owner's testamentary transfer to another person as trustee for a third person;

(4)an appointment under a power of appointment to another person as trustee for the donee of the power or for a third person; or

(5)a promise to another person whose rights under the promise are to be held in trust for a third person.

Legislative history

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.