Creation and Validity of Trusts
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Applied in 1 court decision — leading case 54 Cal. 3d 476 - Weiner v. Fleischman (1991)
Most recently applied in 54 Cal. 3d 476 - Weiner v. Fleischman (October 1991)
Enacted by Stats. 1990, Ch. 79.
(a) The existence and terms of an oral trust of personal property may be established only by clear and convincing evidence.
(b) The oral declaration of the settlor, standing alone, is not sufficient evidence of the creation of a trust of personal property.
(c) In the case of an oral trust, a reference in this division or elsewhere to a trust instrument or declaration means the terms of the trust as established pursuant to subdivision (a).
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.