§ 564-b-4-401

564-B:4-401 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) judgment or decree of a court. Source. 2004, 130:1, eff. Oct. 1, 2004. 2008, 97:4, eff. May 21, 2008.