Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.

CHAPTER 6

REVOCABLE TRUSTS

§601.__Capacity of settlor of revocable trust

The capacity required to create, amend, revoke or add property to 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.

§602.__Revocation or amendment of revocable trust

1.__Revocable unless expressly provided.__Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust.__This subsection does not apply to a trust created under an instrument executed before July 1, 2005.

2.__Revocable trust with more than one settlor.__If a revocable trust is created or funded by more than one settlor:

A.__To the extent the trust consists of community property, the trust may be revoked by either spouse acting alone but may be amended only by joint action of both spouses;

B.__To the extent the trust consists of property other than community property, each settlor may revoke or amend the trust with regard to the portion of the trust property attributable to that settlor's contribution; and

C.__Upon the revocation or amendment of the trust by fewer than all of the settlors, the trustee shall notify the other settlors of the revocation or amendment.

3.__Revoke or amend.__The settlor may revoke or amend a revocable trust:

A.__By substantial compliance with a method provided in the terms of the trust; or

B.__If the terms of the trust do not provide a method or the method provided in the terms is not expressly made exclusive, by: