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 upon 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.

Laws 2025, HB 1850, c. 254, § 20, eff. November 1, 2025.