(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.)