130.500 UTC 601
95 words·~1 min read·
/or/ors-chapter-130/uniform-trust-code/revocable-trusts/130-500·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
130.500 UTC 601. Revocable trusts generally.
(1)A person who has capacity to make a will has capacity to create, amend, revoke or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust.
(2)A revocable trust remains a revocable trust for the purposes of ORS 130.520 to 130.575 even though the trust cannot be revoked because:
(a)The settlor becomes financially incapable; or
(b)An event occurs that by the terms of the trust prevents the revocation of the trust. [2005 c.348 §45; 2009 c.275 §16]