760 ILCS 3/401 : RIGHTS AND REMEDIES — TRUSTS AND FIDUCIARIES — ILLINOIS TRUST CODE — CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST — 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;
(4) order of a court; or
(5) exercise by an authorized fiduciary of the powers granted in Article 12.

760 ILCS 3/401

Amended by P.A. 102-0279,§ 10, eff. 1/1/2022.
Added by P.A. 101-0048,§ 401, eff. 1/1/2020.
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