Creation of trust

Creation of trust.—Subject to the provisions of section 5, a trust is created when the author of the trust indicates with reasonable certainty by any words or acts

1. (a) an intention on his part to create thereby a trust,
2. (b) the purpose of the trust,
3. (c) the beneficiary, and
4. (d) the trust-property, and (unless the trust is declared by will or the author of the trust is himself to be the trustee) transfers the property to the trustee.