Iowa § 633F.2 Custodial trust — general

Iowa Statutes

§ 633F.2 — Custodial trust — general

Iowa § 633F.2

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 633FIOWA UNIFORM CUSTODIAL TRUST ACT

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Bluebook

Iowa Code § 633F.2 (2026).

Text

1.A person may create a custodial trust of property by a written transfer of the property to another person, evidenced by registration or by other instrument of transfer, executed in any lawful manner, naming as beneficiary, an individual who may be the transferor, in which the transferee is designated, in substance, as custodial trustee under this chapter.

2.A person may create a custodial trust of property by a written declaration, evidenced by registration of the property or by other instrument of declaration executed in any lawful manner, describing the property and naming as beneficiary an individual other than the declarant, in which the declarant as titleholder is designated, in substance, as custodial trustee under this chapter. A registration or other declaration of trust for th

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1. A person may create a custodial trust of property by a written transfer of the property
to another person, evidenced by registration or by other instrument of transfer, executed in
any lawful manner, naming as beneficiary, an individual who may be the transferor, in which
the transferee is designated, in substance, as custodial trustee under this chapter.
2. A person may create a custodial trust of property by a written declaration, evidenced
by registration of the property or by other instrument of declaration executed in any lawful
manner, describing the property and naming as beneficiary an individual other than the
declarant, in which the declarant as titleholder is designated, in substance, as custodial
trustee under this chapter. A registration or other declaration of trust for the sole benefit of
the declarant is not a custodial trust under this chapter.
3. Title to custodial trust property is in the custodial trustee and the beneficial interest is
in the beneficiary.
4. Except as provided in subsection 5, a transferor shall not terminate a custodial trust.
5. The beneficiary, if not incapacitated, or the legal representative of an incapacitated
beneficiary, may terminate a custodial trust by delivering to the custodial trustee a writing
signed by the beneficiary or legal representative declaring the termination. If not previously
terminated, the custodial trust terminates on the death of the beneficiary.
6. Any person may augment existing custodial trust property by the addition of other
property pursuant to this chapter, only upon receipt and acceptance by the custodial trustee.
3 IOWA UNIFORM CUSTODIAL TRUST ACT, §633F.5
7. The transferor may designate, or authorize the designation of, a successor custodial
trustee in the trust instrument.
8. This chapter does not displace or restrict other means of creating trusts. A trust whose
terms do not conform to this chapter may be enforceable according to its terms under other
law.