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]