633A.2305 - DISCRETIONARY TRUSTS -- EFFECT OF STANDARD. - Iowa Statutes

633A.2305 DISCRETIONARY TRUSTS -- EFFECT OF STANDARD. 1. Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary shall not compel a distribution that is subject to the trustee's discretion, even if any of the following occur: a. The discretion is expressed in the form of a standard of distribution. b. The trustee has abused its discretion. 2. This section shall not apply to a creditor of a beneficiary or to a creditor of a deceased beneficiary enforcing an interest in a trust, if any, given to a beneficiary by the trust instrument.          Section History: Recent Form 2008 Acts, ch 1119, §25 Referred to in § 633A.2301