Iowa SF2364 updates probate and trust laws, including time limits for actions, attorney fees, trust code proceedings, wrongful death damages, and.
Iowa SF2364 modifies probate and trust laws by setting a two-year statute of limitations for actions involving nontestamentary transfers, such as those procured by fraud or undue influence. It allows the probate court to award attorney fees and costs in disputed estate proceedings. The bill also changes the nature of trust code proceedings, making actions to set aside or contest trusts triable as law actions, while other trust code matters are tried as equity proceedings.
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