Alabama Code 19-3B-601. Capacity of settlor of revocable trust
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Terms Used In Alabama Code 19-3B-601
- property: includes both real and personal property. See Alabama Code 1-1-1
- Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
- Trustee: A person or institution holding and administering property in trust.
The capacity required to create, amend, revoke, or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.