House
File
2517
-
Enrolled
House
File
2517
AN
ACT
RELATING
TO
TRUSTS,
INCLUDING
IRREVOCABLE
TRUSTS,
TRUST
PETITIONS,
AND
TRUST
PROCEEDINGS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
633A.2203,
subsection
5,
Code
2024,
is
amended
to
read
as
follows:
5.
A
spendthrift
provision,
or
a
provision
giving
the
trustee
discretion
to
distribute
income
or
principal
to
a
beneficiary
or
among
beneficiaries,
in
the
terms
of
the
trust
is
presumed
to
constitute
a
material
purpose
of
the
trust
may
help
implement
a
material
purpose
of
the
settlor
.
A
spendthrift
provision,
or
a
provision
giving
the
trustee
discretion
to
distribute
income
or
principal
to
a
beneficiary
or
among
beneficiaries,
is
enforceable
against
beneficiaries
and
third
parties
that
attempt
to
force
the
trustee
to
act
or
to
reach
trust
assets.
A
spendthrift
provision,
or
a
provision
giving
the
trustee
discretion
to
distribute
income
or
principal
to
a
beneficiary
or
among
beneficiaries,
does
not
create
a
presumption
that
the
settlor
would
not
want
the
trust
to
be
modified
or
terminated
when
all
of
the
beneficiaries
consent
and
if
circumstances
not
anticipated
by
the
settlor
indicate
that
the
best
interests
of
the
beneficiaries
as
a
class
will
be
better
served
if
the
trust
is
modified
or
terminated.
Sec.
2.
Section
633A.6202,
subsection
1,
Code
2024,
is
amended
to
read
as
follows:
House
File
2517,
p.
2
1.
Except
as
otherwise
provided
in
section
633A.3103
,
a
trustee
,
or
beneficiary
,
or
other
interested
party
of
a
trust
may
petition
the
court
concerning
the
internal
affairs
of
the
trust
or
to
determine
the
existence
of
the
trust.
Sec.
3.
Section
633A.6202,
subsection
2,
paragraphs
e,
f,
h,
i,
j,
and
k,
Code
2024,
are
amended
to
read
as
follows:
e.
Settle
accounts
and
pass
upon
the
acts
of
the
any
trustee
,
trust
director,
or
trust
protector
,
including
the
exercise
of
discretionary
powers.
f.
Instruct
the
any
trustee
,
trust
director,
or
trust
protector
.
h.
Grant
powers
to
or
modify
powers
of
the
any
trustee
,
trust
director,
or
trust
protector
.
i.
Fix
or
allow
payment
of
the
trustee’s
compensation
of
the
trustee
or
any
trust
director
or
trust
protector
or
review
the
reasonableness
of
the
compensation.
j.
Appoint
or
remove
a
any
trustee
,
trust
director,
or
trust
protector
.
k.
Accept
the
resignation
of
a
any
trustee
,
trust
director,
or
trust
protector
.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
AMY
SINCLAIR
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
2517,
Ninetieth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2024
______________________________
KIM
REYNOLDS
Governor