Arkansas Statutes
§ 28-72-704 — Powers of settlor
Arkansas·Title 28
(a)The settlor of a spendthrift trust or domestic asset protection trust has only the powers and rights that are conferred to the settlor by the trust instrument.
(b)An agreement or understanding, express or implied, between the settlor and the trustee that attempts to grant or permit the retention of greater rights or authority than is stated in the trust instrument is void.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 28-72-704 (Powers of settlor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Act 2023, No. 291,§ 1, eff. 8/1/2023.
Nearby Sections
15
§ 28-1-101
Title§ 28-1-102
Definitions§ 28-1-103
Effect of code§ 28-1-104
Probate proceedings§ 28-1-106
Referees and probate clerks§ 28-1-108
Records§ 28-1-109
Petition - Verification§ 28-1-110
Filing objections to petition§ 28-1-111
Guardians and attorneys ad litem§ 28-1-112
Notice - Service - Proof - Costs§ 28-1-113
Waiver of notice§ 28-1-115
Vacation and modification of orders§ 28-1-116
Appeals§ 28-1-117
Use of certified mail permitted§ 28-1-118
Deceased viable fetus