Methods of creating trust
Known as the Arkansas Trust Code
The act spans §§ 28–28 (103 sections).
Applied in 1 court decision — leading case Estate of Alexander v. Sparks Regional Medical Center (2017)
Most recently applied in Estate of Alexander v. Sparks Regional Medical Center (November 2017)
Acts 2005, No. 1031, § 1.
A trust may be created by:
(1) transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
(2) declaration by the owner of property that the owner holds identifiable property as trustee; or
(3) exercise of a power of appointment in favor of a trustee.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.