{"data":{"id":"us-me/18-b-m.r.s.-401","jurisdiction":"us-me","citation":"18-B M.R.S. §401","heading":"Methods of creating trust","body":"A trust may be created by:\n1.  Transfer of property.  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;\n2.  Declaration.  Declaration by the owner of property that the owner holds identifiable property as trustee; or\n3.  Exercise of power.  Exercise of a power of appointment in favor of a trustee.","path":["TITLE 18-B: TRUSTS","PART 1: MAINE UNIFORM TRUST CODE","CHAPTER 4: CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST"],"source_url":"https://legislature.maine.gov/statutes/18-B/title18-Bsec401.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:29Z","sha256":"be3f04907b8437b77bfb876f331f877a24768613e0210a8381e8bcee8ef55770","source_id":"us-me","stale":false,"prev":"us-me/18-b-m.r.s.-305","next":"us-me/18-b-m.r.s.-402"},"notice":"GroundRules: Original legal text. Not legal advice."}