Illinois § 401 Methods of creating trust

Illinois Statutes

§ 401 — Methods of creating trust

Illinois § 401

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 760TRUSTS AND FIDUCIARIES

Act 760 ILCS 3/Illinois Trust Code.

Art.Article 4 - Creation, Validity, Modification, and Termination of Trust

This text of Illinois § 401 (Methods of creating trust) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

760 Ill. Comp. Stat. 401 (2026).

Text

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.

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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; (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.