Creation: Methods. Except as otherwise provided by specific statute, a trust may be created by any of the following methods:
1. A declaration by the owner of property that he holds the property as trustee.
2. A transfer of property by the owner during his lifetime to another person as trustee.
3. A testamentary transfer of property by the owner to another person as trustee.
4. An exercise of a power of appointment to another person as trustee.
5. An enforceable promise to create a trust.
Last modified: February 25, 2006