Trust creation — Methods.

A trust may be created by:

     (1) Transfer of property to another person as trustee during the trustor's lifetime or by will or other disposition taking effect upon the trustor'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.

[2011 c 327 § 15.]

Notes: