N.Y. Estates, Powers and Trusts Law 7-1.14 – Who may make a lifetime trust
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§ 7-1.14 Who may make a lifetime trust
Terms Used In N.Y. Estates, Powers and Trusts Law 7-1.14
- Personal property: All property that is not real property.
Any person, as defined in 1-2.12, may by lifetime trust dispose of real and personal property. A natural person who creates a lifetime trust shall be eighteen years of age or older.