Every disposition of property shall be made directly to the person in
whom the right to possession and income is intended to be vested and not
to another in trust for such person, and if made to any person in trust
for another, no estate, legal or equitable, vests in the trustee. But
neither this section nor 7-1.1 shall apply to trusts arising or
resulting by implicaiton of law.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 1 - Rules Governing Trusts
7-1.1 - When Trust Interests Not to Merge
7-1.2 - Trustee of Passive Trust Not to Take
7-1.3 - Purchase-Money Resulting Trust Abolished
7-1.4 - Purposes for Which Trust May Be Created
7-1.5 - When Trust Interest Inalienable; Exception
7-1.6 - Application of Principal to Income Beneficiary
7-1.7 - Interest Remaining in Creator of Trust
7-1.8 - Duration of Trust for Benefit of Creditors
7-1.10 - Provision by Non-Domiciliary Creator as to Law to Govern Trust
7-1.11 - Application of Principal to Creator of Trust as Reimbursement for Taxes
7-1.13 - Division of Trusts and Establishment of Separate Trusts
7-1.14 - Who May Make a Lifetime Trust
7-1.15 - What Property May Be Disposed of by Lifetime Trust
7-1.16 - Revocation of Lifetime Trust by Will
7-1.17 - Execution, Amendment and Revocation of Lifetime Trusts