1. On acceptance of a trust, the trustee shall administer the trust according to the terms of the trust and according to this trust code, except to the extent the terms of the trust provide otherwise.
2. The terms of the trust may expand, restrict, eliminate, or otherwise alter the duties prescribed by this trust code, and the trustee may reasonably rely on those terms, but nothing in this trust code authorizes a trustee to act in bad faith or in disregard of the purposes of the trust or the interest of the beneficiaries. 99 Acts, ch 125, §47, 109 C2001, §633.4201 2005 Acts, ch 38, §54 CS2005, §633A.4201 \n
Notes of Decisions
Corrado v. Life Investors Ins. Co. of Am., 878 F.3d 648 (8th Cir. 2018).
““On acceptance of a trust, the 'trustee shall administer the trust according to the terms of the trust and according to this trust code, except to'the extent the terms of the.”
In the Matter of the Workman Fam. Trust (Iowa Ct. App. 2023).
“§ 633A.4201. The Trust document here specifies the powers held by the trustee, directing them to “hold, manage, care for, and protect the trust property.”
Iowa Code § 633A.4201(1): 2 cases
Corrado v. Life Investors Ins. Co. of Am., 878 F.3d 648 (8th Cir. 2018).
““On acceptance of a trust, the 'trustee shall administer the trust according to the terms of the trust and according to this trust code, except to'the extent the terms of the.”
Iowa Code § 633A.4201(2): 1 case
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