Current through 2024 Regular Session legislation
Section 130.500 - UTC 601. Revocable trusts generally(1) A person who has capacity to make a will has capacity to create, amend, revoke or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust.(2) A revocable trust remains a revocable trust for the purposes of ORS 130.520 to 130.575 even though the trust cannot be revoked because: (a) The settlor becomes financially incapable; or(b) An event occurs that by the terms of the trust prevents the revocation of the trust. 2005 c. 348, § 45; 2009 c. 275, § 16