Methods of creating trust

(760 ILCS 3/401)     Sec. 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;        (4) order of a court; or         (5) exercise by an authorized fiduciary of the powers     granted in Article 12. (Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22.)