Md. Code Ann., Est. & Trusts § 14.5-601
Capacity required to create or amend revocable trust or direct actions of trustee
Effective Oct 1, 2015Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015. Amended by Acts 2015, c. 450, § 2, eff. Oct. 1, 2015.State of Maryland
- (a) The capacity required to create, amend, revoke, or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.
- (b) Nothing in this section shall be construed to prohibit the creation of a revocable trust if that creation is otherwise authorized under State law.
- (c) The fact that the settlor becomes incapacitated or loses the capacity required to create a will does not convert a revocable trust into an irrevocable trust.
Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015. Amended by Acts 2015, c. 450, § 2, eff. Oct. 1, 2015.