PART IV. CREATION, VALIDITY, MODIFICATION,
AND TERMINATION OF TRUST
[§554D-401] Methods of creating trust. A trust may be created by:
(1) 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;
(2) Declaration by the owner of property that the owner holds identifiable property as trustee;
(3) Exercise of a power of appointment in favor of a trustee; or
(4) A court pursuant to its statutory or equitable powers. [L 2021, c 32, pt of §2]