Iowa Code (Last Updated: December 05, 2016) |
Title XV. JUDICIAL BRANCH AND JUDICIAL PROCEDURES |
Chapter 633A. IOWA TRUST CODE |
Section 633A.2101. Methods of creating trusts.
Latest version.
-
A trust may be created by any of the following methods:
1. Transfer of property to another person as trustee during the settlor’s lifetime, or by will taking effect upon the settlor’s death.
2. Declaration by the owner of property that the owner holds property as trustee.
3. Exercise of a power of appointment in favor of another person as trustee.
4. A promise enforceable by the trustee to transfer property to the trustee.
C2001, §633.2101
CS2005, §633A.2101