(1) Unless otherwise provided by the terms of the trust instrument, a settlor’s divorce or the annulment of the settlor’s marriage, after the trust instrument is executed:
(a) Revokes all provisions of the trust in favor of the former spouse of the settlor;
(b) Revokes all powers of appointment, general or nongeneral, in the trust that are exercisable by the former spouse; and
(c) Revokes any provision in the trust naming the former spouse as trustee.
(2) Unless otherwise provided by the terms of the trust instrument, a trust shall be construed as though the former spouse predeceased the settlor if, after the trust instrument is executed, the settlor divorces the spouse or the marriage of the settlor to the spouse is annulled. [Formerly 128.378]Section: Previous 130.500 130.505 130.510 130.515 130.520 130.525 130.530 130.535 130.540 130.545 130.550 130.555 130.560 130.565 130.570 Next
Last modified: August 7, 2008