Creation, Validity, Modification, and Termination of Trusts | Midpage

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Creation, Validity, Modification, and Termination of Trusts

633A.2101Methods of creating trusts 633A.2102Requirements for validity 633A.2103Statute of frauds 633A.2104Trust purposes 633A.2105Honorary trusts — trusts for pets 633A.2106Resulting trusts 633A.2107Constructive trusts 633A.2201Termination of trust 633A.2202Modification or termination by settlor and all beneficiaries 633A.2203Termination of irrevocable trust or modification of dispositive provisions of irrevocable trust by court 633A.2204Modification of administrative provisions by court for change of circumstances 633A.2205Noncharitable trust with uneconomically low value 633A.2206Reformation — tax objectives 633A.2207Combination of trusts 633A.2208Division of trusts 633A.2301Rights of beneficiary, creditor, and assignee 633A.2302Spendthrift protection recognized 633A.2303Spendthrift trusts for the benefit of settlor 633A.2304Amount reachable by creditors or transferees of settlor 633A.2305Discretionary trusts — effect of standard 633A.2306Court action — trustee’s discretion 633A.2307Overdue mandatory distribution