(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; or
        (3) exercise of a power of appointment in favor of a
    
trustee.
(Source: P.A. 101-48, eff. 1-1-20.)