Senate File 173 - Enrolled
Senate File 173
AN ACT
RELATING TO TRUSTS, INCLUDING REQUIREMENTS FOR CERTIFICATIONS
OF TRUST AND THE GENERAL ORDER OF ABATEMENT.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 633A.4604, subsection 2, Code 2021, is
2 amended by adding the following new paragraphs:
3 NEW PARAGRAPH. 0a. State the names of all the currently
4 acting trustees.
5 NEW PARAGRAPH. 00a. If there is more than one currently
6 acting trustee, state whether the trustees may act individually
7 or must act by majority decision or must act by unanimous
8 decision.
9 Sec. 2. Section 633A.4604, subsection 2, paragraph c, Code
10 2021, is amended to read as follows:
11 c. Be dated and certified under penalty of perjury
12 and pursuant to the laws of the state of Iowa that the
13 certification of trust is true and correct or be subscribed and
14 sworn to under penalty of perjury before a notary public as
15 provided in chapter 9B.
16 Sec. 3. Section 633A.4703, subsection 4, Code 2021, is
17 amended to read as follows:
18 4. Notwithstanding subsections 1, 2, or 3, a disposition in
19 favor of the settlor’s surviving spouse who does not take an
20
21 elective share shall not be abated where such abatement would
 Senate File 173, p. 2
have the effect of increasing the amount of federal estate or
22 federal gift taxes payable by a person or an entity last.
______________________________ ______________________________
JAKE CHAPMAN PAT GRASSLEY
President of the Senate Speaker of the House
I hereby certify that this bill originated in the Senate and
is known as Senate File 173, Eighty-ninth General Assembly.
______________________________
W. CHARLES SMITHSON
Secretary of the Senate
Approved _______________, 2021 ______________________________
KIM REYNOLDS
Governor


Statutes affected:
Introduced: 633A.4604
Enrolled: 633A.4604