01. 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 for the benefit of an individual in lieu of a transfer of property to a conservatorship or guardianship pursuant to Chapter 1 or subchapter VI of Chapter 20 of Title 21 of the District of Columbia Official Code. (Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.) Editor's Notes Uniform Law: This section is based upon § 401 of the Uniform Trust Code.
District of Columbia Legal Code