Massachusetts Uniform Trust Decanting Act governs the transfer of property from one trust to another.

The Massachusetts Uniform Trust Decanting Act regulates the transfer of property from one trust to another, known as decanting. It allows authorized fiduciaries to distribute property from a first trust to one or more second trusts or modify the terms of the first trust. The act outlines rules for the decanting power, including limitations on fiduciary liability, tax-related provisions, and the creation of second trusts. It also addresses the rights of beneficiaries, the protection of charitable interests, and the administration of trusts for beneficiaries with disabilities.

Massachusetts Uniform Trust Decanting Act governs the transfer of property from one trust to another.

The Massachusetts Uniform Trust Decanting Act regulates the transfer of property from one trust to another, known as decanting. It allows authorized fiduciaries to distribute property from a first trust to one or more second trusts or modify the terms of the first trust. The act outlines rules for the decanting power, including limitations on fiduciary liability, tax-related provisions, and the creation of second trusts. It also addresses the rights of beneficiaries, the protection of charitable interests, and the administration of trusts for beneficiaries with disabilities.