IOWA TRUST CODE

  1. Law
  2. Iowa Code
  3. JUDICIAL BRANCH AND JUDICIAL PROCEDURES
  4. IOWA TRUST CODE

Checkout our iOS App for a better way to browser and research.

Section
633A.1101

Short title.

Section
633A.1102

Definitions.

Section
633A.1103

Per stirpes rule of descent.

Section
633A.1104

Common law of trusts.

Section
633A.1105

Trust terms control.

Section
633A.1106

General rule concerning application of the Iowa trust code.

Section
633A.1107

Scope of trust code.

Section
633A.1108

Governing law.

Section
633A.1109

Methods of notice and document delivery — waiver.

Section
633A.2101

Methods of creating trusts.

Section
633A.2102

Requirements for validity.

Section
633A.2103

Statute of frauds.

Section
633A.2104

Trust purposes.

Section
633A.2105

Honorary trusts — trusts for pets.

Section
633A.2106

Resulting trusts.

Section
633A.2107

Constructive trusts.

Section
633A.2201

Termination of trust.

Section
633A.2202

Modification or termination by settlor and all beneficiaries.

Section
633A.2203

Termination of irrevocable trust or modification of dispositive provisions of irrevocable trust by court.

Section
633A.2204

Modification of administrative provisions by court for change of circumstances.

Section
633A.2205

Noncharitable trust with uneconomically low value.

Section
633A.2206

Reformation — tax objectives.

Section
633A.2207

Combination of trusts.

Section
633A.2208

Division of trusts.

Section
633A.2301

Rights of beneficiary, creditor, and assignee.

Section
633A.2302

Spendthrift protection recognized.

Section
633A.2303

Spendthrift trusts for the benefit of settlor.

Section
633A.2304

Amount reachable by creditors or transferees of settlor.

Section
633A.2305

Discretionary trusts — effect of standard.

Section
633A.2306

Court action — trustee’s discretion.

Section
633A.2307

Overdue mandatory distribution.

Section
633A.3101

Competency to create, revoke, or modify a revocable trust.

Section
633A.3102

Revocation or modification.

Section
633A.3103

Other rights of settlor.

Section
633A.3104

Claims against revocable trust.

Section
633A.3105

Rights of and claims against holder of general power of appointment.

Section
633A.3106

Children born or adopted after execution of a revocable trust.

Section
633A.3107

Effect of divorce or dissolution.

Section
633A.3108

Limitation on contest of revocable trust.

Section
633A.3109

Limitation on creditor rights against revocable trust assets after settlor’s death.

Section
633A.3110

Notice to creditors, heirs, and surviving spouse.

Section
633A.3111

Rights of trustee regarding claims in a probate administration.

Section
633A.3112

Trustee’s liability for distributions.

Section
633A.3113

Definitions — revocable trusts.

Section
633A.3114

Allowance to surviving spouse.

Section
633A.3115

Allowance to children who do not reside with surviving spouse.

Section
633A.4101

Acceptance or declination to serve as trustee.

Section
633A.4102

Trustee’s bond.

Section
633A.4103

Actions by cotrustees.

Section
633A.4104

Vacancy in office of trustee.

Section
633A.4105

Filling vacancy.

Section
633A.4106

Resignation of trustee.

Section
633A.4107

Removal of trustee.

Section
633A.4108

Delivery of property by former trustee.

Section
633A.4109

Compensation of trustee.

Section
633A.4110

Repayment for expenditures.

Section
633A.4111

Notice of increased trustee’s fee.

Section
633A.4201

Duty to administer trust — alteration by terms of trust.

Section
633A.4202

Duty of loyalty — impartiality — confidential relationship.

Section
633A.4203

Standard of prudence.

Section
633A.4204

Costs of administration.

Section
633A.4205

Special skills.

Section
633A.4206

Delegation.

Section
633A.4207

Directory powers.

Section
633A.4208

Cotrustees.

Section
633A.4209

Control and safeguarding of trust property.

Section
633A.4210

Separation and identification of trust property.

Section
633A.4211

Enforcement and defense of claims and actions.

Section
633A.4212

Prior fiduciaries.

Section
633A.4213

Duty to inform and account.

Section
633A.4214

Duties with regard to discretionary powers.

Section
633A.4215

Distributions in further trust.

Section
633A.4301

Short title.

Section
633A.4302

Standard of care — portfolio strategy — risk and return objectives.

Section
633A.4303

Diversification.

Section
633A.4304

Duties at inception of trusteeship.

Section
633A.4305

Loyalty.

Section
633A.4306

Impartiality.

Section
633A.4307

Investment costs.

Section
633A.4308

Reviewing compliance.

Section
633A.4309

Language invoking prudent investor rule.

Section
633A.4401

General powers — fiduciary duties.

Section
633A.4402

Specific powers of trustees.

Section
633A.4501

Violations of duties — breach of trust.

Section
633A.4502

Breach of trust — actions.

Section
633A.4503

Breach of trust — liability.

Section
633A.4504

Limitation of action against trustee.

Section
633A.4505

Exculpation of trustee.

Section
633A.4506

Beneficiary’s consent, release, or affirmance — nonliability of trustee.

Section
633A.4507

Attorney fees and costs.

Section
633A.4601

Personal liability — limitations.

Section
633A.4602

Dissenting cotrustees.

Section
633A.4603

Obligations of third parties.

Section
633A.4604

Certification of trust.

Section
633A.4605

Liability for wrongful taking, concealing, or disposing of trust property.

Section
633A.4606

Interest as general partner.

Section
633A.4701

Survivorship with respect to future interests under terms of trust — substitute takers.

Section
633A.4702

Discretionary language prevails over other standard.

Section
633A.4703

General order for abatement.

Section
633A.4704

Simultaneous death.

Section
633A.4705

Principal and income.

Section
633A.4706

Small distributions to minors — payment.

Section
633A.4707

Person causing death.

Section
633A.4801

Governing instrument may provide trust director or trust protector with powers and immunities of trustee.

Section
633A.4802

Liability limits of excluded fiduciary.

Section
633A.4803

Death of settlor.

Section
633A.4804

Excluded fiduciary’s liability for loss if trust protector appointed.

Section
633A.4805

Powers of trust protector.

Section
633A.4806

Submission to court jurisdiction — effect on trust director or trust protector.

Section
633A.4807

Powers of trust protector incorporated by reference in will or trust instrument.

Section
633A.4808

Investment trust director or distribution trust director provided for in trust instrument.

Section
633A.4809

Powers of investment trust director.

Section
633A.4810

Powers of distribution trust director.

Section
633A.5101

Charitable purposes.

Section
633A.5102

Application of cy pres.

Section
633A.5103

Trust with uneconomically low value.

Section
633A.5104

Interested persons — proceedings.

Section
633A.5105

Charitable trusts.

Section
633A.5106

Settlor — enforcement of charitable trust — designation.

Section
633A.5107

Filing requirements.

Section
633A.5108

Role of the attorney general.

Section
633A.6101

Subject matter jurisdiction.

Section
633A.6102

Principal place of administration of trust.

Section
633A.6103

Jurisdiction over trustees and beneficiaries.

Section
633A.6104

County of venue.

Section
633A.6105

Transfer of jurisdiction.

Section
633A.6201

Judicial intervention intermittent.

Section
633A.6202

Petitions — purposes of proceedings.

Section
633A.6301

Definition and applicability.

Section
633A.6302

Representation by holders of powers.

Section
633A.6303

Representation by fiduciaries and parents.

Section
633A.6304

Representation by holders of similar interests.

Section
633A.6305

Notice of judicial settlement.

Section
633A.6306

Appointment of guardian ad litem.

Section
633A.6307

Appointment of special representative.

Section
633A.6308

Nonjudicial settlement agreements.