Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY
< > • Effective - 28 Aug 2006, 2 histories456.4-401. Methods of creating trust. — A 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).
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(L. 2004 H.B. 1511, A.L. 2006 S.B. 892)
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456.4-401 | 8/28/2006 | |||
456.4-401 | 1/1/2005 | 8/28/2006 |
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