D.C. Code § 19-1304.02: Requirements for creation.
Where this section sits in the code
- Title 19. Descent, Distribution, and Trusts. [Enacted title]
- Chapter 13. Uniform Trust Code.
- Subchapter IV. Creation, Validity, Modification, and Termination of Trust.
(a)
A trust is created only if:
(1)
The settlor has capacity to create a trust;
(2)
The settlor indicates an intention to create the trust;
(3)
The trust has a definite beneficiary or is:
(A)
A charitable trust;
(B)
A trust for the care of an animal, as provided in section 19-1304.08; or
(C)
A trust for a noncharitable purpose, as provided in section 19-1304.09;
(4)
The trustee has duties to perform; and
(5)
The same person is not the sole trustee and sole beneficiary.
(b)
A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.
(c)
A power in a trustee to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.
Collected 2026-08-29T05:44:07Z. Source file · JSON