Supreme Court of Iowa July 1, 1998, 96-2022 (Matter of Estate of Nagel)

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United States · · · 01-07-1998

HARRIS, Justice.

A husband and wife placed their property in living revocable trusts. The settlors were killed simultaneously in an accident that precipitated a tort action brought by the estate of a third person, also killed in the accident. The question is whether trusts’ assets can be reached by the tort plaintiff even though the settlors’ deaths rendered the trusts irrevocable.

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