58a-601. Capacity of settlor of revocable 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. History: L. 2002, ch. 133, § 45; Jan. 1, 2003.
58a-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. This subsection does not apply to a trust created under an instrument executed before January 1, 2003. (b) If a revocable trust is created or funded […]
58a-603. Settlor’s powers; powers of withdrawal; incapacitation of settlor; hearing. (a) While a trust is revocable, the duties of the trustee are owed exclusively to the settlor. (b) During the period a power of withdrawal may be exercised, the holder of the power has the rights of a settlor of a revocable trust under this […]
58a-604. Limitation on action contesting validity of revocable trust; distribution of trust property. (a) A person may commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor’s death within the earlier of: (1) One year after the settlor’s death; or (2) four months after the trustee sent the […]
