501B.90 EFFECT OF DISSOLUTION OF MARRIAGE.
Subdivision 1.
Revocation of certain trust provisions. If after execution of a trust
instrument in which a sole grantor reserves a power to alter, amend, revoke, or terminate
the provisions of the trust, the grantor's marriage is dissolved or annulled, the dissolution or
annulment revokes any disposition, provision for beneficial enjoyment or appointment of property
made by the trust instrument to a grantor's former spouse, any provisions conferring a general or
special power of appointment on the former spouse and any appointment of the former spouse as
trustee, unless the trust instrument expressly provides otherwise.
Subd. 2.
Passing of property. Property prevented from passing to a former spouse because
of revocation by dissolution or annulment of marriage passes as if the former spouse died on the
date of the entry of the judgment and decree dissolving or annulling the grantor's marriage and
other provisions conferring some power or office on the former spouse are interpreted as if the
former spouse died on the date of the entry of the judgment and decree dissolving or annulling
the grantor's marriage.
Subd. 3.
Revival of revoked provisions. If provisions are revoked solely by this section,
they are revived by the grantor's remarriage to the former spouse. For purposes of this chapter,
dissolution of marriage includes divorce. A decree of separation which does not terminate the
status of husband and wife is not a dissolution of marriage for purposes of this section. No change
of circumstances other than as described in this section revokes a trust instrument.
History: 1997 c 9 s 2