Massachusetts General Laws ch. 203E sec. 403 – Trusts created in other jurisdictions
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Section 403. Trusts created in other jurisdictions
Terms Used In Massachusetts General Laws ch. 203E sec. 403
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
A trust not created by will shall be validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed or the law of the jurisdiction in which, at the time of creation:
(1) the settlor was domiciled, had a place of abode or was a national;
(2) a trustee was domiciled or had a place of business; or
(3) any trust property was located.