(1) ORS 130.530 and 130.535 apply only to a trust, or portion of a trust: (a) That comes into existence during the settlors lifetime; and (b) Is a revocable trust on the occurrence of any of the events described in ORS 130.530 or 130.535. (2) ORS 130.540 to 130.575 apply only to a trust, or a portion of a trust, that comes into existence during the settlors lifetime and that was a revocable trust at the time of the settlors death.
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