Divorce or annulment of marriage; effect on revocable trust
Sec. 15. (a) This section does not apply to a trust:
(1) that is irrevocable on the date of a divorce or an annulment;
or
(2) created by:
(A) the settlor and the settlor's spouse or former spouse
under a written agreement with each other that requires the
creation of the trust; or
(B) a court order.
(b) If, after creating a revocable trust, the settlor is divorced or the
marriage of the settlor to the settlor's spouse is annulled, the settlor's
former spouse shall for the purposes of the trust be treated as if the
spouse had died before the settlor died.
As added by P.L.200-1991, SEC.3.
Last modified: May 27, 2006