Maryland Trust Decanting Act | Midpage

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Maryland Code

Estates and Trusts

6

Maryland Trust Decanting Act

State of Maryland

14-601Definitions 14-602Construction and application of subtitle 14-602.1Required notifications; document transmittal 14-603Fiduciary duties applicable; no duty to decant; terms of trust deemed to include decanting power 14-604No liability for reliance on validity of decanting 14-605Consent or court approval not required for exercise of decanting power; notice of exercise of decanting power 14-606Court authorized to review or control exercise of decanting power upon application 14-607Exercise of decanting power to be recorded 14-608Authorized fiduciary that has expanded distributive discretion over the principal of a first trust 14-609Authorized fiduciary who has limited distributive discretion over the principal of a first trust 14-610Special needs fiduciaries 14-611Determinable charitable interests; Attorney General 14-612Prohibitions and restrictions on decanting power by trust instrument 14-613Compensation of fiduciary 14-614Liability and indemnification of fiduciary 14-615Provisions granting the power to remove or replace the authorized fiduciary 14-616Qualification for tax benefits; maintaining certain statuses of the trust; grantor trusts 14-617Duration 14-618Discretionary distribution standards 14-619Failure to comply with this subtitle in part 14-620Trusts created to care for animals 14-621Reference to trust instrument or terms of trust 14-622Settlor intent 14-623Later-discovered property 14-624Debts, liabilities, or obligations 14-625Short title