Me. Rev. Stat. » Title 18-B
Maine Revised Statutes

Me. Rev. Stat. tit. 18-B, § 401 (2026)

Methods of creating trust

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A trust may be created by:   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
1.  Transfer of property.  Transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;  
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
2.  Declaration.  Declaration by the owner of property that the owner holds identifiable property as trustee; or  
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
3.  Exercise of power.  Exercise of a power of appointment in favor of a trustee.  
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).
Notes of Decisions
Cited in 4 cases, 2006–2018 · leading case: Dalton v. Comm'r, 135 T.C. 393 (T.C. 2010).
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Dalton v. Comm'r, 135 T.C. 393 (T.C. 2010). “*414 A trust may be created by a transfer of property, declaration, or exercise of a power of appointment in favor of a trustee. Me. Rev. Stat. Ann. tit. 18-B, sec.”
Est. of Fournier, 2006 ME 89, 902 A.2d 852. “” 18-B M.R.S. § 401(1) (2005). Title 18-B M.”
Sleeper v. Loring, No. CUMap-10-20 (Me. Super. Ct Mar. 8, 2016). “See 18-B M.R.S. § 401 (2014). While Smith and Bernstein purported to convey the Caggiano Lot to Bradley Benson, the deed to Benson did not actually convey Lot 40A.”
Bell v. Bell, No. CUMbcd-cv-17-03 (Me. Super. Ct Aug. 15, 2018). “]" 18-B M.R.S. § 401(1)-(2). A trust is created only if: A.”
Me. Rev. Stat. tit. 18-B, § 401(1): 2 cases
Est. of Fournier, 2006 ME 89, 902 A.2d 852. “” 18-B M.R.S. § 401(1) (2005). Title 18-B M.”
Bell v. Bell, No. CUMbcd-cv-17-03 (Me. Super. Ct Aug. 15, 2018). “]" 18-B M.R.S. § 401(1)-(2). A trust is created only if: A.”
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