Current with changes from the 2024 Legislative Session
Section 456.4-401 - Methods of creating trustA trust may be created by:
(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) declaration by the owner of property that the owner holds identifiable property as trustee;(3) exercise of a power of appointment in favor of a trustee; or(4) a court under section 475.092, 475.093, or 511.030, or 42 U.S.C. Section 1396p(d)(4). L. 2004H.B. 1511 , A.L. 2006S.B. 892