Section 36C-4-401 - Methods of creating trustA trust may be created by any of the following methods:
(1) Transfer of property by a settlor to a person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death including either of the following: a. The devise to the trustee of the trust as provided in G.S. 31-47.b. The designation of the trust as beneficiary of life insurance or other death benefits as provided in G.S. 36C-4-401.1.(2) Declaration by the owner of property that the owner holds identifiable property as trustee unless the transfer of title of that property is otherwise required by law.(3) Exercise of a power of appointment in favor of a trustee.(4) A court by judgment, order, or decree, including the establishment of a trust pursuant to section 1396p(d)(4) of Title 42 of the United States Code.N.C. Gen. Stat. § 36C-4-401
Amended by 2011 N.C. Sess. Laws 284,s. 45, eff. 6/24/2011.Amended by 2009 N.C. Sess. Laws 267,s. 2, eff. 10/1/2009.Amended by 2007 N.C. Sess. Laws 106,s. 14, eff. 10/1/2007.Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.