Missouri Laws 456.4-401 – Methods of creating trust
Current as of: 2023 | Check for updates
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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;
Terms Used In Missouri Laws 456.4-401
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- Property: includes real and personal property. See Missouri Laws 1.020
- Trustee: A person or institution holding and administering property in trust.
(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) a court under section 475.092, 475.093, or 511.030, or 42 U.S.C. § 1396p(d)(4).