3352b

A trust is created only upon designation of the assets that shall constitute the trust property.Any type of assets, whether existing or future, tangible or intangible, real or personal property, or livestock, may be held in a trust. Trusts may be created to hold determined or determinable assets and all or part of an estate.If a trust is created to hold future assets, an autonomous estate shall not be constituted until such assets are effectively transferred to the trust. Upon the creation of a trust, the trustor or a third party designated by the same may add or substitute trust assets with the consent of the trustee, insofar as it does not hinder the purpose of the trust.The provisions of the Civil Code and civil law in general on this convention shall govern the application of the provisions of this section. History —Aug. 31, 2012, No. 219, § 9.