Section 1.31 Generally

• Library: Trusts and Powers 2013 Supp

A. (§1.31) Generally

Section 456.4-401, RSMo Supp. 2005, provides that 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; or

(4) a court under section 475.092, 475.093, or 511.030, RSMo.

Unless the settlor indicates otherwise in the trust instrument, the general rule is that the law in effect at the time and in the...