Purposes for which trust may be created · as in force on May 31, 2026
§ 7-1.4 Purposes for which trust may be created
An express trust may be created for any lawful purpose.
An express trust may be created for any lawful purpose. ★ The trust’s purpose must therefore be permitted by law.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.