Iowa § 637.607 Valuation of trust

Iowa Statutes

§ 637.607 — Valuation of trust

Iowa § 637.607

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 637UNIFORM PRINCIPAL AND INCOME ACT

This text of Iowa § 637.607 (Valuation of trust) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 637.607 (2026).

Text

The fair market value of the trust shall be determined at least annually, using such
valuation date or dates or averages of valuation dates as are deemed appropriate. Assets for
which a fair market value cannot be readily ascertained shall be valued using such valuation
methods as are deemed reasonable and appropriate. Such assets may be excluded from
valuation, provided all income received with respect to such assets is distributed to the
extent distributable in accordance with the terms of the governing instrument.

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The fair market value of the trust shall be determined at least annually, using such
valuation date or dates or averages of valuation dates as are deemed appropriate. Assets for
which a fair market value cannot be readily ascertained shall be valued using such valuation
methods as are deemed reasonable and appropriate. Such assets may be excluded from
valuation, provided all income received with respect to such assets is distributed to the
extent distributable in accordance with the terms of the governing instrument.