633A.2305 Discretionary trusts — effect of standard.
96 words·~1 min read·
/ia/chapter-633a-iowa-trust-code/633a-2305·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary shall not compel a distribution that is subject to the trustee’s discretion, even if any of the following occur:
a. The discretion is expressed in the form of a standard of distribution.
b. The trustee has abused its discretion.
2. This section shall not apply to a creditor of a beneficiary or to a creditor of a deceased beneficiary enforcing an interest in a trust, if any, given to a beneficiary by the trust instrument.
Referred to in §633A.2301