FORMALITIES FOR THE CREATION OF TRUSTS
In general, a trust may be created in any form, whether by deed, will, simple writing or word of mouth; all that is required is an intention on the part of the settlor to create a trust. Thus, in the case of an inter vivos trust of personalty, no formalities are required. But the general rule has been modified by statute in relation to: (a) trusts of land; (b) assignments (or 'dispositions') of existing equitable interests under trusts;
and (c) testamentary trusts.