35-15-401 - Methods of creating trust.
35-15-401. 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.]