A trust may be created for any purpose that is not illegal or against public policy.
Cal. Prob. Code § 15203
Creation and Validity of Trusts
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Applied in 3 court decisions — leading case 15 Cal. App. 4th 144 - In Re Marriage of Dick (1993)
Most recently applied in In Re Schwarzkopf (November 2010)
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.