Iowa Code § 633A.2202 : JUDICIAL BRANCH AND JUDICIAL PROCEDURES — PROBATE - FIDUCIARIES — Iowa trust code — CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS — MODIFICATION AND TERMINATION OF TRUSTS — Modification or termination by settlor and all beneficiaries

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.

Iowa Code § 633A.2202

99 Acts, ch 125, §16, 109C2001, § 633.2202 2005 Acts, ch 38, §54CS2005, § 633A.2202

Referred to in § 633A.2201, 633A.6301

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