(1) A trust may be created by:(1) The 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) The declaration by the owner of property that the owner holds identifiable property as trustee;(3) The exercise of a power of appointment in favor of a trustee; or(4) A court pursuant to its statutory or equitable powers.
(1) The 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) The declaration by the owner of property that the owner holds identifiable property as trustee;
(3) The exercise of a power of appointment in favor of a trustee; or
(4) A court pursuant to its statutory or equitable powers.