633A.3101 Competency to create, revoke, or modify a revocable trust.
97 words·~1 min read·
/ia/chapter-633a-iowa-trust-code/633a-3101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. To create, revoke, or modify a revocable trust, the settlor must be competent. An aggrieved person shall have all causes of action and remedies available to the aggrieved person in attacking the creation, revocation, or modification of a revocable trust as one would if attacking the propriety of the execution of a will.
2. The level of competency required of a settlor to direct the actions of the trustee, or to contribute property to, or to withdraw property from, a trust is the same as that required to create a revocable trust.
C2001, §633.3101
CS2005, §633A.3101