(760 ILCS 3/401) Sec. 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;
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(2) declaration by the owner of property that the
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| owner holds identifiable property as trustee;
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(3) exercise of a power of appointment in favor of a
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(4) order of a court; or
(5) exercise by an authorized fiduciary of the powers
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(Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22 .)
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