35-15-401 - Methods of creating trust. - Tennessee Statutes

35-15-401. Methods of creating trust.

A trust may be created by:

     (1)  The 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)  The declaration by the owner of property that the owner holds identifiable property as trustee;

     (3)  The exercise of a power of appointment in favor of a trustee; or

     (4)  A court pursuant to its statutory or equitable powers.

[Acts 2004, ch. 537, § 23.]