1. (a) Except as provided in subsection (b), a trust that is not created by a will is validly created if the trust's creation complies with the law of the jurisdiction in which the trust instrument was executed or the law of the jurisdiction in which, at the time of creation:

   1. (1) the settlor was domiciled, had a place of abode, or was a national;
   2. (2) a trustee was domiciled or had a place of business; or
   3. (3) any trust property is located.

2. (b) A valid trust must be:

   1. (1) in writing; and

   2. (2) signed by:

      1. (A) the settlor; or
      2. (B) an agent of the settlor who is an attorney in fact.

As added by P.L.238-2005, SEC.22.