Minnesota Statutes 501C.0601 – Capacity of Settlor of Revocable Trust
Current as of: 2023 | Check for updates
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The capacity required to create, amend, or revoke 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.
Terms Used In Minnesota Statutes 501C.0601
- Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
- Trustee: A person or institution holding and administering property in trust.