Methods of creating trust

15-5-401. Methods of creating trust. (1) A trust may be created by: (a) 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; (b) Declaration by the owner of property that the owner holds identifiable property as trustee; (c) Exercise of a power of appointment in favor of a trustee; or (d) A statute, judgment, or decree authorizing the creation of a trust. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1160, � 1, effective January 1, 2019.