58a-401. Methods of creating trust. - Kansas Statutes

58a-401

Chapter 58a.--KANSAS UNIFORM TRUST CODE Article 4.--CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST

      58a-401.   Methods of creating trust.A trust may be created by:

      (1)   Transfer of property to another person as trustee or to the trust inthe trusts' name during the settlor's lifetime or by will or other dispositiontaking effect upon the settlor's death;

      (2)   declaration by the owner of property that the owner holds property astrustee, so long as such property would not otherwise pass at the owner's deathby a beneficiary designation to a party other than the trust; or

      (3)   exercise of a power of appointment in favor of a trustee.

      History:   L. 2002, ch. 133, § 22;L. 2004, ch. 158, § 4; July 1.