Uniform Trust Code

ORS 130.500
UTC 601. Revocable trusts generally


(1)

A person who has capacity to make a will has capacity to create, amend, revoke or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust.

(2)

A revocable trust remains a revocable trust for the purposes of ORS 130.520 (“Specific distribution” defined for ORS 130.520 to 130.575) to 130.575 (Effect of advancement on distribution) even though the trust cannot be revoked because:

(a)

The settlor becomes financially incapable; or

(b)

An event occurs that by the terms of the trust prevents the revocation of the trust. [2005 c.348 §45; 2009 c.275 §16]

Law Review Citations

42 WLR 187 (2006)

Chapter 130

Law Review Citations

42 WLR 187 (2006)


Source

Last accessed
Jun. 26, 2021