Kansas § 58a-401 Methods of creating trust

Kansas Statutes

§ 58a-401 — Methods of creating trust

Kansas·Ch. 58a KANSAS UNIFORM TRUST CODE·Art. 4 CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST

A trust may be created by:

(1)Transfer of property to another person as trustee or to the trust in the trusts' name 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 property as trustee, so long as such property would not otherwise pass at the owner's death by a beneficiary designation to a party other than the trust; or

(3)exercise of a power of appointment in favor of a trustee.

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A trust may be created by:
(1) Transfer of property to another person as trustee or to the trust in the trusts' name 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 property as trustee, so long as such property would not otherwise pass at the owner's death by a beneficiary designation to a party other than the trust; or
(3) exercise of a power of appointment in favor of a trustee.

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