A trust not created by will is validly created if the creation of the trust complies with:
(1) The law of the jurisdiction in which the trust instrument was executed; or
(2) The law of the jurisdiction in which, at the time of creation:
(i) The settlor was domiciled or was a national;
(ii) A trustee of the trust was domiciled or had a place of business; or
(iii) Any trust property was located.