Md. Code Ann., Est. & Trusts § 14-613
Compensation of fiduciary
Effective Oct 1, 2023Added by Acts 2023, c. 715, § 1, eff. Oct. 1, 2023; Acts 2023, c. 716, § 1, eff. Oct. 1, 2023.State of Maryland
- (1) All qualified beneficiaries of the second trust consent to the increase in a signed record;
- (2) A court approves the increase; or
- (3) The increase is incidental to other changes made by the exercise of the decanting power.
An authorized fiduciary may not exercise the decanting power to increase the authorized fiduciary's compensation, unless:
Added by Acts 2023, c. 715, § 1, eff. Oct. 1, 2023; Acts 2023, c. 716, § 1, eff. Oct. 1, 2023.