Methods of creating trust

A trust may be created by: (1) The 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) The declaration by the owner of property that the owner holds identifiable property as trustee; (3) The exercise of a power of appointment in favor of a trustee; or (4) A court pursuant to its statutory or equitable powers. Acts 2004, ch. 537, § 23. A trust may be created by: (1) The 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) The declaration by the owner of property that the owner holds identifiable property as trustee; (3) The exercise of a power of appointment in favor of a trustee; or (4) A court pursuant to its statutory or equitable powers. Acts 2004, ch. 537, § 23.