Section 44D-4-401 - Methods of creating trust(a) A trust may be created by:(1) Transfer of property to another person as trustee during the grantor's lifetime by the grantor or by will or by other disposition taking effect upon the grantor'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) An order of the court.(b) During the grantor's lifetime, a trust may also be created by the grantor's agent acting in accordance with authority granted under a durable power of attorney which expressly authorizes the agent to create a trust on the grantor's behalf or which expressly authorizes the agent to fund an existing trust of the grantor on the grantor's behalf.Added by 2011 Acts, ch. 66 (HB 2551), eff. 6/10/2011.