(1) A trust may be created by:
(a) Transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
(b) Declaration by the owner of property that the owner holds identifiable property as trustee;
(c) 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.
ANNOTATION
Law Reviews. For article, "The Lifecycle of a Revocable Trust", see 49 Colo. Law. 56 (Feb. 2020).