§ 4-10-602 — Revocation or amendment of revocable trust

(a) Unless the terms of a trust expressly provide that the
trust is irrevocable, the settlor may revoke or amend the trust.
(b) If a revocable trust is created or funded by more than
one (1) settlor:
(i) To the extent the trust consists of community
property, the trust may be revoked by either spouse acting alone
but may be amended only by joint action of both spouses; and
(ii) To the extent the trust consists of property
other than community property, each settlor may revoke the trust
with regard to the portion of the trust property attributable to
that settlor's contribution; however, the trust may only be
amended by joint action of all settlors.
(c) The settlor may revoke or amend a revocable trust:
(i) By substantial compliance with a method provided
in the terms of the trust; or
(ii) If the terms of the trust do not provide a
method, or the method provided in the trust is not made
exclusive, by:
(A) A statement expressly amending or revoking
the trust in a writing signed by the settlor or in the settlor's
will; or
(B) Any other method manifesting clear and
convincing evidence of the settlor's intent.
(d) Upon revocation of a revocable trust, the trustee
shall deliver the trust property as the settlor directs.
(e) A settlor's powers with respect to revocation,
amendment or distribution of trust property may be exercised by
an agent under a power of attorney only to the extent expressly
authorized by the terms of the trust or the power of attorney.
(f) Except to the extent otherwise provided in the terms
of the trust, a power to revoke a trust includes the power to
amend the trust.
(g) A conservator of the settlor or, if no conservator has
been appointed, a guardian of the settlor may exercise a
settlor's powers with respect to revocation, amendment, or
distribution of trust property only with the approval of the
court supervising the conservatorship or guardianship and
finding that it meets the settlor's purpose or intent in
establishing the trust.
(h) A trustee who does not know or have actual knowledge
that a trust has been revoked or amended is not liable to the
settlor or settlor's successors in interest for distributions
made and other actions taken on the assumption that the trust
had not been amended or revoked.