A trust may be created by: [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
1. Transfer of property. 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. Declaration by the owner of property that the owner holds identifiable property as trustee; or
3. Exercise of power. Exercise of a power of appointment in favor of a trustee.