Iowa Code

Iowa Code § 633A.4201 (2026)

Duty to administer trust — alteration by terms of trust

✓ current as of July 2026
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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
Cited in 8 cases (2 in the last 5 years), 2007–2024 · leading case: Turner v. Iowa State Bank & Trust Co. of Fairfield, 743 N.W.2d 1 (Iowa 2007).
Turner v. Iowa State Bank & Trust Co. of Fairfield, 743 N.W.2d 1 (Iowa 2007). “§ 633A.4201; the duties of loyalty, impartiality, and confidentiality, id.”
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.”
Douglas Kelley, of the Est. of Gregory Autenreith v. Sav. Bank Primghar (Iowa Ct. App. 2024). · cites it 2× “See Iowa Code §§ 633A.4201–.4309; Turner v. Iowa State Bank & Tr.”
In the Matter of the Est. of Oweetis Frye, Robert D. Frye, Benjamin D. Frye, & Hanna M. Frye, Beneficiaries-Appellants. (Iowa Ct. App. 2014). · cites it 2× ““[T]he 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.”
Linda Cooper v. Lynnette S. Jordan, Tr. of the Dorothy L. Demean Revocable Trust (Iowa Ct. App. 2015). · cites it 2× “See Iowa Code § 633A.4201(2). Specifically, a trust instrument may relieve a trustee of liability for breach of trust except if “committed intentionally, with gross negligence, in bad faith, or with reckless indifference to the interest of the beneficiary, or for any profit…”
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.”
Kenneth W. Turner Vs. Iowa State Bank & Trust Co. Of Fairfield, Iowa, & Earl Wallace Dick (Iowa 2007). “§ 633A.4201; the duties of loyalty, impartiality, and confidentiality, id.”
— 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
Linda Cooper v. Lynnette S. Jordan, Tr. of the Dorothy L. Demean Revocable Trust (Iowa Ct. App. 2015). “See Iowa Code § 633A.4201(2). Specifically, a trust instrument may relieve a trustee of liability for breach of trust except if “committed intentionally, with gross negligence, in bad faith, or with reckless indifference to the interest of the beneficiary, or for any profit…”
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