GroundRules
Iowa Code § 633A.2305: Discretionary trusts — effect of standard.
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 3 - CREDITORS’ RIGHTS, SPENDTHRIFT TRUSTS, AND DISCRETIONARY TRUSTS
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.
Collected 2026-09-14T19:40:16Z. Source file · JSON