§ 14.5-401
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 14.5-401 (2026)
Title 14.5. Maryland Trust Act
Subtitle 4. Creation, Validity, Modification, and Termination of Trust
§ 14.5-401LinkCopy Citation
A trust may be created by:
(1)
Transfer of property to another person as trustee during the lifetime of the settlor or by will or other disposition taking effect on the death of the settlor;
(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.