House Journal: Page 738: Tuesday, March 14, 2000
13 shall be forever barred.
14 Notice is further given that all persons indebted
15 to the decedent or to the trust are requested to make
16 immediate payment to the undersigned trustee.
17 Creditors having claims against the trust must mail
18 them to the trustee at the address listed below via
19 certified mail, return receipt requested. Unless
20 creditor claims are mailed by the later to occur of
21 sixty days from the second publication of this notice
22 or thirty days from the date of mailing this notice, a
23 claim shall be forever barred, unless otherwise
24 allowed or paid.
25 Dated this _______ day of ______________, (year)____.
26 ____________________________________ Trust
27 ____________________________
28 Trustee
29 Address: ___________________
30 ___________________
31 Date of second publication ______ day of ____________,
32 (year) ____.
33 5. The claimant either must receive satisfaction
34 of its claim within sixty days of mailing its claim to
35 the trustee, or must file suit against the trust to
36 enforce collection of the creditor's claim within
37 sixty days of mailing its claim to the trustee. The
38 trustee and creditor may agree to extend the
39 limitations period for filing an action to enforce the
40 claim. If the claimant fails to properly file its
41 claim within the established time period or bring an
42 action to enforce its claim within the established
43 time period, the creditor's claim shall be forever
44 barred.
45 Sec. ___. Section 633.3111, subsection 2, as
46 enacted by 1999 Iowa Acts, chapter 125, section 35, is
47 amended to read as follows:
48 2. a trustee shall be entitled to indemnification
49 from the beneficiaries for all amounts paid to
50 creditors under this section, to the extent of
Page 7
1 distributions made.
2 Sec. ___. Section 633.4101, as enacted by 1999
3 Iowa Acts, chapter 125, section 36, is amended to read
4 as follows:
5 633.4101 ACCEPTANCE OR REJECTION OF TRUST BY
6 DECLINATION TO SERVE AS TRUSTEE.
7 1. a person named as trustee accepts the office of
8 trustee by doing one of the following:
9 a. Signing the trust instrument, or signing a
10 separate written acceptance.
11 b. Except as provided in subsection 3, knowingly
© 2000 Cornell College and
League of Women Voters of Iowa
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