PART IV.
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/hi/part-iv-34A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
PART IV. CREATION, VALIDITY, MODIFICATION,
AND TERMINATION OF TRUST
[ §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. [L 2021, c 32, pt of §2]