2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 4 - Probate - Fiduciaries
CHAPTER 633A - IOWA TRUST CODE
633A.2304 - AMOUNT REACHABLE BY CREDITORS OR TRANSFEREES OF SETTLOR.

        633A.2304  AMOUNT REACHABLE BY CREDITORS OR
      TRANSFEREES OF SETTLOR.
         1.  If a settlor is a beneficiary of a trust created by the
      settlor, a transferee or creditor of the settlor may reach the
      maximum amount that the trustee could pay to or for the settlor's
      benefit.
         2.  In the case of a trust with multiple settlors, the amount the
      creditors or transferees of a particular settlor may reach shall not
      exceed the portion of the trust attributable to that settlor's
      contribution.
         3.  The assets of an irrevocable trust shall not become subject to
      the claims of creditors of the settlor of a trust solely due to a
      provision in the trust that allows a trustee of the trust to
      reimburse the settlor for income taxes payable on the income of the
      trust.  This subsection shall not limit the rights of the creditor of
      the settlor to assert a claim against the assets of the trust due to
      the retention or grant of any rights to the settlor under the trust
      instrument or any other beneficial interest of the settlor other than
      as specifically set forth in this subsection.  

         2008 Acts, ch 1119, §24