N.Y. Estates, Powers & Trusts Law Section 7-1.18
Funding of lifetime trust

§ 7-1.18 Funding of lifetime trust A lifetime trust shall be valid as to any assets therein to the extent the assets have been transferred to the trust. For purposes of this section, (a) transfer is not accomplished by recital of assignment, holding or receipt in the trust instrument, and

(b)

in the case of a trust of which the creator is the sole trustee, transfer shall mean in the case of assets capable of registration such as real estate, stocks, bonds, bank and brokerage accounts and the like, the recording of the deed or the completion of registration of the asset in the name of the trust or trustee, and in the case of other assets a written assignment describing the asset with particularity.

Source: Section 7-1.18 — Funding of lifetime trust, https://www.­nysenate.­gov/legislation/laws/EPT/7-1.­18 (updated Sep. 22, 2014; accessed Jun. 9, 2025).

Verified
Green check means up to date. Up to date

Verified:
Jun. 9, 2025

Last modified:
Sep. 22, 2014

§ 7-1.18’s source at nysenate​.gov

Link Style