Establishes the Massachusetts Uniform Trust Decanting Act to allow trustees to transfer trust property to new trusts.

The Massachusetts Uniform Trust Decanting Act allows trustees to transfer property from an existing trust to one or more new trusts, or modify the terms of the existing trust. Trustees can exercise this power if they have expanded distributive discretion over the trust's principal. The act outlines rules for the transfer, including notice requirements, tax considerations, and limitations on the powers of the new trusts. It also provides protections for beneficiaries with disabilities and charitable interests.

Establishes the Massachusetts Uniform Trust Decanting Act to allow trustees to transfer trust property to new trusts.

The Massachusetts Uniform Trust Decanting Act allows trustees to transfer property from an existing trust to one or more new trusts, or modify the terms of the existing trust. Trustees can exercise this power if they have expanded distributive discretion over the trust's principal. The act outlines rules for the transfer, including notice requirements, tax considerations, and limitations on the powers of the new trusts. It also provides protections for beneficiaries with disabilities and charitable interests.