GroundRules
Iowa Code § 633A.2202: Modification or termination by settlor and all beneficiaries.
Where this section sits in the code
- Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES (Ch. 595 - 686D)
- Chapter 633A - IOWA TRUST CODE
- Subchapter II - CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS
- Part 2 - MODIFICATION AND TERMINATION OF TRUSTS
1. An irrevocable trust may be modified or terminated upon the consent of the settlor and all of the beneficiaries.
2. Upon termination of the trust, the trustee shall distribute the trust property as agreed by the settlor and all beneficiaries, or in the absence of unanimous agreement, as ordered by the court.
3. For purposes of this section, the consent of a person who may bind a beneficiary or otherwise act on a beneficiary’s behalf is considered the consent of the beneficiary.
Collected 2026-09-14T19:40:16Z. Source file · JSON