Section 554D-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; or(4) A court pursuant to its statutory or equitable powers.Added by L 2021, c 32,§ 2, eff. 1/1/2022.