760 ILCS 3/401

in effect

(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; (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; (4) order of a court; or (5) exercise by an authorized fiduciary of the powers granted in Article 12. (Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026