2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.3104 - CLAIMS AGAINST REVOCABLE TRUST.

        633A.3104  CLAIMS AGAINST REVOCABLE TRUST.
         1.  During the lifetime of the settlor, the trust property of a
      revocable trust is subject to the debts of the settlor to the extent
      of the settlor's power of revocation.
         2.  Following the death of a settlor, the property of a revocable
      trust is subject to the debts of the settlor and charges of the
      settlor's estate to the extent of the value of the property over
      which the settlor had a power of revocation, if the settlor's estate
      is inadequate to satisfy those debts and charges.
         3.  If a revocable trust becomes subject to the debts of a settlor
      and the charges of the settlor's estate pursuant to this section,
      following the payment of the proper costs of administration of the
      trust and any claims against the trust, the debts and charges of the
      settlor's estate payable by the trust shall be classified pursuant to
      sections 633.425 and 633.426 as such sections exist on the date of
      the settlor's death and paid in the order listed therein to the
      extent the settlor's estate is inadequate to satisfy the listed debts
      and charges.  

         99 Acts, ch 125, §28, 109; 2000 Acts, ch 1150, §15
         C2001, §633.3104
         2005 Acts, ch 38, §54
         CS2005, §633A.3104
         2006 Acts, ch 1104, §6
         Referred to in § 633A.3109