{"data":{"id":"us-ne/neb.-rev.-stat.-30-3828","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 30-3828","heading":"Neb. Rev. Stat. § 30-3828","body":"(UTC 402) (a) A trust is created only if:\n\n(1) the settlor has capacity to create a trust and meets one of the following requirements:\n\n(A) the settlor is eighteen years of age or older; or\n\n(B) the settlor is not a minor;\n\n(2) the settlor indicates an intention to create the trust;\n\n(3) the trust has a definite beneficiary or is:\n\n(A) a charitable trust;\n\n(B) a trust for the care of an animal, as provided in section 30-3834 ; or\n\n(C) a trust for a noncharitable purpose, as provided in section 30-3835 ;\n\n(4) the trustee has duties to perform; and\n\n(5) the same person is not the sole trustee and sole beneficiary.\n\n(b) A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.\n\n(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.","path":["NE Code","Chapter 30"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=30-3828","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"09319eb2d364e0c398ac0d5e0786c0ea2fcb7d536dc68aa34455ef30951746a3","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-30-3827","next":"us-ne/neb.-rev.-stat.-30-3829"},"notice":"GroundRules: Original legal text. Not legal advice."}