633A.2101 Methods of creating trusts.
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/ia/chapter-633a-iowa-trust-code/633a-2101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trust may be created by any of the following methods:
1. Transfer of property to another person as trustee during the settlor’s lifetime, or by will taking effect upon the settlor’s death.
2. Declaration by the owner of property that the owner holds property as trustee.
3. Exercise of a power of appointment in favor of another person as trustee.
4. A promise enforceable by the trustee to transfer property to the trustee.
99 Acts, ch 125, §8, 109
C2001, §633.2101
CS2005, §633A.2101