Iowa Code § 633A.2202
Modification or termination by settlor and all beneficiaries
Iowa · Iowa Code Chapter 633A — Iowa Trust Code · Status: effective
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- Citation
- Iowa Code § 633A.2202, Modification or termination by settlor and all beneficiaries, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2278282
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Full text
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.