Me. Rev. Stat. tit. 18-B, ch. 12 – Maine Uniform Trust Decanting Act | Midpage

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Maine Revised Statutes

Chapter 12

Me. Rev. Stat. tit. 18-B, ch. 12

Maine Uniform Trust Decanting Act

1201Short title 1202Definitions 1203Scope 1204Fiduciary duty 1205Application; governing law 1206Reasonable reliance 1207Notice; exercise of decanting power 1208Court involvement 1209Formalities 1210Decanting power under expanded distributive discretion 1211Decanting power under limited distributive discretion 1212Trust for beneficiary with disability 1213Protection of charitable interest 1214Trust limitation on decanting 1215Change in compensation 1216Relief from liability and indemnification 1217Removal or replacement of authorized fiduciary 1218Tax-related limitations 1219Duration of 2nd trust 1220Need to distribute not required 1221Savings provision 1222Trust for care of animal 1223Terms of 2nd trust 1224Settlor 1225Later-discovered property 1226Obligations 1227Uniformity of application and construction 1228Relation to Electronic Signatures in Global and National Commerce Act 1229Effective date