Iowa Code Title XV. Judicial Branch and Judicial Procedures [Chs. 595-686] § 633F.14. Expenses, compensation, and bond of custodial trustee

1. A custodial trustee is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services.

2. A custodial trustee has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year.

3. A custodial trustee need not furnish a bond or other security for the faithful performance of fiduciary duties.