§60-1604.1. Methods of creating trust.
71 words·~1 min read·
/ok/title-60-property/60-1604-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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; or
3. Exercise of a power of appointment in favor of a trustee. Added by Laws 2025, c. 254, § 20, eff. Nov. 1, 2025.