Section 402. Requirements for creation
(a) A trust shall be created only if:
(1) the settlor has capacity to create a trust;
(2) the settlor indicates an intention to create the trust;
(3) the trust has a definite beneficiary or is:
(A) a charitable trust;
(B) a trust for the care of an animal, as provided in section 408; or
(C) a trust for a non-charitable purpose, as provided in section 409;
(4) the trustee has duties to perform; and
(5) the same person is not the sole trustee and sole beneficiary.
(b) A beneficiary shall be definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.
(c) A power in a trustee to select a beneficiary from an indefinite class shall be valid. If the power is not exercised within a reasonable time, the power shall fail and the property subject to the power shall pass to the persons who would have taken the property had the power not been conferred.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 203e - Massachusetts Uniform Trust Code
Article 4 - Creation, Validity, Modification and Termination of Trust
Section 401 - Methods of Creating Trust
Section 402 - Requirements for Creation
Section 403 - Trusts Created in Other Jurisdictions
Section 405 - Charitable Purposes; Enforcement
Section 406 - Creation of Trust Induced by Fraud, Duress or Undue Influence
Section 407 - Evidence of Oral Trust
Section 408 - Trust for Care of an Animal
Section 409 - Non-Charitable Trust Without Ascertainable Beneficiary
Section 410 - Modification or Termination of Trust; Proceedings for Approval or Disapproval
Section 411 - Modification or Termination of Non-Charitable Irrevocable Trust by Consent
Section 414 - Modification or Termination of Uneconomic Trust