§ 633B.201 — Authority — specific and general

Iowa § 633B.201

• Jurisdiction: Iowa
• Title XV: JUDICIAL BRANCH AND JUDICIAL PROCEDURES
• Ch. 633B: POWERS OF ATTORNEY

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1. An agent under a power of attorney may do any of the following on behalf of the
principal or with the principal’s property only if the power of attorney expressly grants the
agent the authority and the exercise of the authority is not otherwise prohibited by another
agreement or instrument to which the authority or property is subject:
a. Create, amend, revoke, or terminate an inter vivos trust.
b. Make a gift.
c. Create or change rights of survivorship.
d. Create or change a beneficiary designation.
e. Delegate authority granted under the power of attorney.
f. Waive the principal’s right to be a beneficiary of a joint and survivor annuity, including
but not limited to a survivor benefit under a retirement plan.
g. Exercise fiduciary powers that the principal has authority to delegate.
h. Disclaim property, including but not limited to a power of appointment.
i. Exercise all rights and powers granted to an agent under chapter 638.
2. Notwithstanding a grant of authority to do an act described in subsection 1, unless the
power of attorney otherwise provides, an agent that is not an ancestor, spouse, or descendant
of the principal shall not exercise authority under a power of attorney to create in the
agent, or in an individual to whom the agent owes a legal obligation of support, an interest
in the principal’s property, whether by gift, right of survivorship, beneficiary designation,
disclaimer, or otherwise.
3. Subject to subsections 1, 2, 4, and 5, if a power of attorney grants an agent authority to
do all acts that a principal could do, the agent has the general authority described in sections