Methods of creating trust.

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(1) A trust may be created by:

  1. Transfer of property to another person as trustee during the settlor's lifetime or bywill or other disposition taking effect upon the settlor's death;

  2. Declaration by the owner of property that the owner holds identifiable property astrustee;

  3. Exercise of a power of appointment in favor of a trustee; or(d) A statute, judgment, or decree authorizing the creation of a trust.

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1160, § 1, effective January 1, 2019.


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