A trust may be created by:

1. (1) Transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect on the settlor's death;
2. (2) Declaration by the owner of property that the owner holds identifiable property as trustee; or
3. (3) Exercise of a power of appointment in favor of a trustee.

Effective: July 15, 2014

History: Created 2014 Ky. Acts ch. 25, sec. 23, effective July 15, 2014.