Utah Code 75-7-604. Capacity of settlor of revocable trust
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Terms Used In Utah Code 75-7-604
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
- Trustee: A person or institution holding and administering property in trust.
The capacity required to create, amend, revoke, or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.
Enacted by Chapter 89, 2004 General Session