Code · Arizona · Title 14 — Education, Libraries, and Museums

14-10603. Settlor's powers; powers of withdrawal

71 words·~1 min read·/az/title-14/14-10603

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. While a trust is revocable by the settlor, the rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.

B. During the period a power of withdrawal may be exercised, the holder of the power has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.