Minnesota HF360 modifies the Uniform Trust Code, Powers of Appointment, and the Uniform Probate Code, making technical, clarifying, and conforming.

Minnesota HF360 amends various sections of the Minnesota Statutes to modify the Uniform Trust Code, Powers of Appointment, and the Uniform Probate Code. Key changes include adjustments to the duties and liabilities of fiduciaries, the powers of investment trust advisors and distribution trust advisors, and the conditions under which a noncharitable irrevocable trust can be modified or terminated. The bill also addresses the role of excluded fiduciaries, the powers of trust protectors, and the conditions for the validity of powers of appointment.

Minnesota HF360 modifies the Uniform Trust Code, Powers of Appointment, and the Uniform Probate Code, making technical, clarifying, and conforming.

Minnesota HF360 amends various sections of the Minnesota Statutes to modify the Uniform Trust Code, Powers of Appointment, and the Uniform Probate Code. Key changes include adjustments to the duties and liabilities of fiduciaries, the powers of investment trust advisors and distribution trust advisors, and the conditions under which a noncharitable irrevocable trust can be modified or terminated. The bill also addresses the role of excluded fiduciaries, the powers of trust protectors, and the conditions for the validity of powers of appointment.