Section 14-10402 - Requirements for creationA. Except as provided in section 14-5409, a trust is created only if all of the following are true:1. The settlor has capacity to create a trust.2. The settlor indicates an intention to create the trust.3. The trust has a definite beneficiary or is:(b) A trust for the care of an animal, as provided in section 14-10408.(c) A trust for a noncharitable purpose, as provided in section 14-10409.4. The trustee has duties to perform.5. The same person is not the sole trustee and sole beneficiary.B. A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.C. A power in a trustee or other person to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.