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§ 14.5-601. Capacity required to create or amend revocable trust or direct actions of trustee

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2015

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14.5. Maryland Trust Act (Refs & Annos)
Subtitle 6. Revocable Trusts (Refs & Annos)
Effective: October 1, 2015
MD Code, Estates and Trusts, § 14.5-601
§ 14.5-601. Capacity required to create or amend revocable trust or direct actions of trustee
Currentness
In general
(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.
Revocable trusts otherwise authorized under State law
(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.
Settlors who become incapacitated
(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.

Credits

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015. Amended by Acts 2015, c. 450, § 2, eff. Oct. 1, 2015.
MD Code, Estates and Trusts, § 14.5-601, MD EST & TRST § 14.5-601
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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