Rules Governing Trusts | Midpage

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New York Consolidated Laws

Estates, Powers & Trusts

1

Rules Governing Trusts

7-1.1When trust interests not to merge 7-1.2Trustee of passive trust not to take 7-1.3Purchase-money resulting trust abolished 7-1.4Purposes for which trust may be created 7-1.5When trust interest inalienable; exception 7-1.6Application of principal to income beneficiary 7-1.7Interest remaining in creator of trust 7-1.8Duration of trust for benefit of creditors 7-1.9Revocation of trusts 7-1.10Provision by non-domiciliary creator as to law to govern trust 7-1.11Application of principal to creator of trust as reimbursement 7-1.12Supplemental needs trusts established for persons with severe 7-1.13Division of trusts and establishment of separate trusts 7-1.14Who may make a lifetime trust 7-1.15What property may be disposed of by lifetime trust 7-1.16Revocation of lifetime trust by will 7-1.17Execution, amendment and revocation of lifetime trusts 7-1.18Funding of lifetime trust 7-1.19Application for termination of uneconomical trust