Iowa Code
Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES
Chapter 633A - IOWA TRUST CODE

Section 633A.1106 - General rule concerning application of the Iowa trust code. - 633A.1106 General rule concerning application of the Iowa trust code....

Section 633A.1107 - Scope of trust code. - 633A.1107 Scope of trust code. 1. Except as otherwise provided...

Section 633A.1108 - Governing law. - 633A.1108 Governing law. 1. A trust not created by will...

Section 633A.1109 - Methods of notice and document delivery — waiver. - 633A.1109 Methods of notice and document delivery — waiver. Except...

Section 633A.2101 - Methods of creating trusts. - 633A.2101 Methods of creating trusts. A trust may be created...

Section 633A.2102 - Requirements for validity. - 633A.2102 Requirements for validity. 1. A trust is created only...

Section 633A.2103 - Statute of frauds. - 633A.2103 Statute of frauds. 1. A trust is enforceable when...

Section 633A.2104 - Trust purposes. - 633A.2104 Trust purposes. 1. A trust is created only if...

Section 633A.2105 - Honorary trusts — trusts for pets. - 633A.2105 Honorary trusts — trusts for pets. 1. A trust...

Section 633A.2106 - Resulting trusts. - 633A.2106 Resulting trusts. 1. Where the owner of property gratuitously...

Section 633A.2107 - Constructive trusts. - 633A.2107 Constructive trusts. A constructive trust arises when a person...

Section 633A.2201 - Termination of trust. - 633A.2201 Termination of trust. 1. In addition to the methods...

Section 633A.2202 - Modification or termination by settlor and all beneficiaries. - 633A.2202 Modification or termination by settlor and all beneficiaries. 1....

Section 633A.2203 - Termination of irrevocable trust or modification of dispositive provisions of irrevocable trust by court. - 633A.2203 Termination of irrevocable trust or modification of dispositive provisions...

Section 633A.2204 - Modification of administrative provisions by court for change of circumstances. - 633A.2204 Modification of administrative provisions by court for change of...

Section 633A.2205 - Noncharitable trust with uneconomically low value. - 633A.2205 Noncharitable trust with uneconomically low value. 1. On petition...

Section 633A.2206 - Reformation — tax objectives. - 633A.2206 Reformation — tax objectives. 1. The court may reform...

Section 633A.2207 - Combination of trusts. - 633A.2207 Combination of trusts. 1. A trustee, without approval of...

Section 633A.2208 - Division of trusts. - 633A.2208 Division of trusts. 1. Without approval of a court,...

Section 633A.2301 - Rights of beneficiary, creditor, and assignee. - 633A.2301 Rights of beneficiary, creditor, and assignee. To the extent...

Section 633A.2302 - Spendthrift protection recognized. - 633A.2302 Spendthrift protection recognized. Except as otherwise provided in section...

Section 633A.2303 - Spendthrift trusts for the benefit of settlor. - 633A.2303 Spendthrift trusts for the benefit of settlor. A term...

Section 633A.2304 - Amount reachable by creditors or transferees of settlor. - 633A.2304 Amount reachable by creditors or transferees of settlor. 1....

Section 633A.2305 - Discretionary trusts — effect of standard. - 633A.2305 Discretionary trusts — effect of standard. 1. Whether or...

Section 633A.2306 - Court action — trustee’s discretion. - 633A.2306 Court action — trustee’s discretion. 1. If a trustee...

Section 633A.2307 - Overdue mandatory distribution. - 633A.2307 Overdue mandatory distribution. 1. A creditor or assignee of...

Section 633A.3101 - Competency to create, revoke, or modify a revocable trust. - 633A.3101 Competency to create, revoke, or modify a revocable trust....

Section 633A.3102 - Revocation or modification. - 633A.3102 Revocation or modification. 1. Unless the terms of the...

Section 633A.3103 - Other rights of settlor. - 633A.3103 Other rights of settlor. Except to the extent the...

Section 633A.3104 - Claims against revocable trust. - 633A.3104 Claims against revocable trust. 1. During the lifetime of...

Section 633A.3105 - Rights of and claims against holder of general power of appointment. - 633A.3105 Rights of and claims against holder of general power...

Section 633A.3106 - Children born or adopted after execution of a revocable trust. - 633A.3106 Children born or adopted after execution of a revocable...

Section 633A.3107 - Effect of divorce or dissolution. - 633A.3107 Effect of divorce or dissolution. 1. If, after executing...

Section 633A.3108 - Limitation on contest of revocable trust. - 633A.3108 Limitation on contest of revocable trust. Unless previously barred...

Section 633A.3109 - Limitation on creditor rights against revocable trust assets after settlor’s death. - 633A.3109 Limitation on creditor rights against revocable trust assets after...

Section 633A.3110 - Notice to creditors, heirs, and surviving spouse. - 633A.3110 Notice to creditors, heirs, and surviving spouse. 1. As...

Section 633A.3111 - Rights of trustee regarding claims in a probate administration. - 633A.3111 Rights of trustee regarding claims in a probate administration....

Section 633A.3112 - Trustee’s liability for distributions. - 633A.3112 Trustee’s liability for distributions. 1. A trustee who distributes...

Section 633A.3113 - Definitions — revocable trusts. - 633A.3113 Definitions — revocable trusts. As used in this subchapter:...

Section 633A.3114 - Allowance to surviving spouse. - 633A.3114 Allowance to surviving spouse. 1. Unless a personal representative...

Section 633A.3115 - Allowance to children who do not reside with surviving spouse. - 633A.3115 Allowance to children who do not reside with surviving...

Section 633A.4101 - Acceptance or declination to serve as trustee. - 633A.4101 Acceptance or declination to serve as trustee. 1. A...

Section 633A.4102 - Trustee’s bond. - 633A.4102 Trustee’s bond. 1. A trustee is not required to...

Section 633A.4103 - Actions by cotrustees. - 633A.4103 Actions by cotrustees. Unless the terms of the trust...

Section 633A.4104 - Vacancy in office of trustee. - 633A.4104 Vacancy in office of trustee. A vacancy in the...

Section 633A.4105 - Filling vacancy. - 633A.4105 Filling vacancy. 1. A trustee must be appointed to...

Section 633A.4106 - Resignation of trustee. - 633A.4106 Resignation of trustee. 1. A trustee who has accepted...

Section 633A.4107 - Removal of trustee. - 633A.4107 Removal of trustee. 1. A trustee may be removed...

Section 633A.4108 - Delivery of property by former trustee. - 633A.4108 Delivery of property by former trustee. Unless a cotrustee...

Section 633A.4109 - Compensation of trustee. - 633A.4109 Compensation of trustee. 1. If the terms of the...

Section 633A.4110 - Repayment for expenditures. - 633A.4110 Repayment for expenditures. A trustee is entitled to be...

Section 633A.4111 - Notice of increased trustee’s fee. - 633A.4111 Notice of increased trustee’s fee. 1. As used in...

Section 633A.4201 - Duty to administer trust — alteration by terms of trust. - 633A.4201 Duty to administer trust — alteration by terms of...

Section 633A.4202 - Duty of loyalty — impartiality — confidential relationship. - 633A.4202 Duty of loyalty — impartiality — confidential relationship. 1....

Section 633A.4203 - Standard of prudence. - 633A.4203 Standard of prudence. A trustee shall administer the trust...

Section 633A.4204 - Costs of administration. - 633A.4204 Costs of administration. A trustee may only incur costs...

Section 633A.4205 - Special skills. - 633A.4205 Special skills. A trustee who has special skills or...

Section 633A.4206 - Delegation. - 633A.4206 Delegation. 1. A trustee shall not delegate to an...

Section 633A.4207 - Directory powers. - 633A.4207 Directory powers. 1. While a trust is revocable, the...

Section 633A.4208 - Cotrustees. - 633A.4208 Cotrustees. 1. If a trust has more than one...

Section 633A.4209 - Control and safeguarding of trust property. - 633A.4209 Control and safeguarding of trust property. A trustee shall...

Section 633A.4210 - Separation and identification of trust property. - 633A.4210 Separation and identification of trust property. A trustee shall...

Section 633A.4211 - Enforcement and defense of claims and actions. - 633A.4211 Enforcement and defense of claims and actions. A trustee...

Section 633A.4212 - Prior fiduciaries. - 633A.4212 Prior fiduciaries. A trustee shall take reasonable steps to...

Section 633A.4213 - Duty to inform and account. - 633A.4213 Duty to inform and account. A trustee of an...

Section 633A.4214 - Duties with regard to discretionary powers. - 633A.4214 Duties with regard to discretionary powers. 1. A trustee...

Section 633A.4215 - Distributions in further trust. - 633A.4215 Distributions in further trust. 1. As used in this...

Section 633A.4301 - Short title. - 633A.4301 Short title. This part may be cited as the...

Section 633A.4302 - Standard of care — portfolio strategy — risk and return objectives. - 633A.4302 Standard of care — portfolio strategy — risk and...

Section 633A.4303 - Diversification. - 633A.4303 Diversification. A trustee shall diversify the investments of the...

Section 633A.4304 - Duties at inception of trusteeship. - 633A.4304 Duties at inception of trusteeship. Within a reasonable time...

Section 633A.4305 - Loyalty. - 633A.4305 Loyalty. A trustee shall invest and manage the trust...

Section 633A.4306 - Impartiality. - 633A.4306 Impartiality. If a trust has two or more beneficiaries,...

Section 633A.4307 - Investment costs. - 633A.4307 Investment costs. In investing and managing trust property, a...

Section 633A.4308 - Reviewing compliance. - 633A.4308 Reviewing compliance. Compliance with the prudent investor rule is...

Section 633A.4309 - Language invoking prudent investor rule. - 633A.4309 Language invoking prudent investor rule. The following terms or...

Section 633A.4401 - General powers — fiduciary duties. - 633A.4401 General powers — fiduciary duties. 1. A trustee, without...

Section 633A.4402 - Specific powers of trustees. - 633A.4402 Specific powers of trustees. In addition to the powers...

Section 633A.4501 - Violations of duties — breach of trust. - 633A.4501 Violations of duties — breach of trust. 1. A...

Section 633A.4502 - Breach of trust — actions. - 633A.4502 Breach of trust — actions. 1. Except as provided...

Section 633A.4503 - Breach of trust — liability. - 633A.4503 Breach of trust — liability. A beneficiary may charge...

Section 633A.4504 - Limitation of action against trustee. - 633A.4504 Limitation of action against trustee. 1. Unless previously barred...

Section 633A.4505 - Exculpation of trustee. - 633A.4505 Exculpation of trustee. A provision in the terms of...

Section 633A.4506 - Beneficiary’s consent, release, or affirmance — nonliability of trustee. - 633A.4506 Beneficiary’s consent, release, or affirmance — nonliability of trustee....

Section 633A.4507 - Attorney fees and costs. - 633A.4507 Attorney fees and costs. In a judicial proceeding involving...

Section 633A.4601 - Personal liability — limitations. - 633A.4601 Personal liability — limitations. 1. Except as otherwise provided...

Section 633A.4602 - Dissenting cotrustees. - 633A.4602 Dissenting cotrustees. 1. A cotrustee who does not join...

Section 633A.4603 - Obligations of third parties. - 633A.4603 Obligations of third parties. 1. With respect to a...

Section 633A.4604 - Certification of trust. - 633A.4604 Certification of trust. 1. A trustee may present a...

Section 633A.4605 - Liability for wrongful taking, concealing, or disposing of trust property. - 633A.4605 Liability for wrongful taking, concealing, or disposing of trust...

Section 633A.4606 - Interest as general partner. - 633A.4606 Interest as general partner. 1. Except as otherwise provided...

Section 633A.4701 - Survivorship with respect to future interests under terms of trust — substitute takers. - 633A.4701 Survivorship with respect to future interests under terms of...

Section 633A.4702 - Discretionary language prevails over other standard. - 633A.4702 Discretionary language prevails over other standard. In the absence...

Section 633A.4703 - General order for abatement. - 633A.4703 General order for abatement. Except as otherwise provided by...

Section 633A.4704 - Simultaneous death. - 633A.4704 Simultaneous death. If the determination of the successor of...

Section 633A.4705 - Principal and income. - 633A.4705 Principal and income. Chapter 637 shall apply to trusts...

Section 633A.4706 - Small distributions to minors — payment. - 633A.4706 Small distributions to minors — payment. When a minor...

Section 633A.4707 - Person causing death. - 633A.4707 Person causing death. A person who intentionally and unjustifiably...

Section 633A.4801 - Governing instrument may provide trust director or trust protector with powers and immunities of trustee. - 633A.4801 Governing instrument may provide trust director or trust protector...

Section 633A.4802 - Liability limits of excluded fiduciary. - 633A.4802 Liability limits of excluded fiduciary. 1. An excluded fiduciary...

Section 633A.4803 - Death of settlor. - 633A.4803 Death of settlor. An excluded fiduciary may continue to...

Section 633A.4804 - Excluded fiduciary’s liability for loss if trust protector appointed. - 633A.4804 Excluded fiduciary’s liability for loss if trust protector appointed....

Section 633A.4805 - Powers of trust protector. - 633A.4805 Powers of trust protector. 1. The powers of a...

Section 633A.4806 - Submission to court jurisdiction — effect on trust director or trust protector. - 633A.4806 Submission to court jurisdiction — effect on trust director...

Section 633A.4807 - Powers of trust protector incorporated by reference in will or trust instrument. - 633A.4807 Powers of trust protector incorporated by reference in will...

Section 633A.4808 - Investment trust director or distribution trust director provided for in trust instrument. - 633A.4808 Investment trust director or distribution trust director provided for...

Section 633A.4809 - Powers of investment trust director. - 633A.4809 Powers of investment trust director. The powers of an...

Section 633A.4810 - Powers of distribution trust director. - 633A.4810 Powers of distribution trust director. The powers of a...

Section 633A.5101 - Charitable purposes. - 633A.5101 Charitable purposes. 1. A charitable trust may be created...

Section 633A.5102 - Application of cy pres. - 633A.5102 Application of cy pres. Unless the terms of the...

Section 633A.5103 - Trust with uneconomically low value. - 633A.5103 Trust with uneconomically low value. 1. On petition by...

Section 633A.5104 - Interested persons — proceedings. - 633A.5104 Interested persons — proceedings. The settlor, or if the...

Section 633A.5105 - Charitable trusts. - 633A.5105 Charitable trusts. In addition to the provisions of this...

Section 633A.5106 - Settlor — enforcement of charitable trust — designation. - 633A.5106 Settlor — enforcement of charitable trust — designation. A...

Section 633A.5107 - Filing requirements. - 633A.5107 Filing requirements. 1. The provisions of this section apply...

Section 633A.5108 - Role of the attorney general. - 633A.5108 Role of the attorney general. The attorney general may...

Section 633A.6101 - Subject matter jurisdiction. - 633A.6101 Subject matter jurisdiction. 1. The district court sitting in...

Section 633A.6102 - Principal place of administration of trust. - 633A.6102 Principal place of administration of trust. 1. Unless otherwise...

Section 633A.6103 - Jurisdiction over trustees and beneficiaries. - 633A.6103 Jurisdiction over trustees and beneficiaries. 1. By accepting the...

Section 633A.6104 - County of venue. - 633A.6104 County of venue. 1. A proceeding may be commenced...

Section 633A.6105 - Transfer of jurisdiction. - 633A.6105 Transfer of jurisdiction. 1. The court may transfer the...

Section 633A.6201 - Judicial intervention intermittent. - 633A.6201 Judicial intervention intermittent. The administration of trusts shall proceed...

Section 633A.6202 - Petitions — purposes of proceedings. - 633A.6202 Petitions — purposes of proceedings. 1. Except as otherwise...

Section 633A.6301 - Definition and applicability. - 633A.6301 Definition and applicability. 1. For purposes of this part,...

Section 633A.6302 - Representation by holders of powers. - 633A.6302 Representation by holders of powers. 1. The holders or...

Section 633A.6303 - Representation by fiduciaries and parents. - 633A.6303 Representation by fiduciaries and parents. To the extent there...

Section 633A.6304 - Representation by holders of similar interests. - 633A.6304 Representation by holders of similar interests. Unless otherwise represented,...

Section 633A.6305 - Notice of judicial settlement. - 633A.6305 Notice of judicial settlement. 1. Notice of a judicial...

Section 633A.6306 - Appointment of guardian ad litem. - 633A.6306 Appointment of guardian ad litem. 1. At any point...

Section 633A.6307 - Appointment of special representative. - 633A.6307 Appointment of special representative. 1. In connection with a...

Section 633A.6308 - Nonjudicial settlement agreements. - 633A.6308 Nonjudicial settlement agreements. 1. For purposes of this part,...

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Iowa Code Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES Chapter 633A - IOWA TRUST CODE

Iowa Code
Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES
Chapter 633A - IOWA TRUST CODE