California Probate Code 19521 – An authorized fiduciary may exercise the decanting power whether or …
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An authorized fiduciary may exercise the decanting power whether or not under the first trust‘s discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise.
(Added by Stats. 2018, Ch. 407, Sec. 1. (SB 909) Effective January 1, 2019.)
Terms Used In California Probate Code 19521
- Fiduciary: A trustee, executor, or administrator.
- Fiduciary: means personal representative, trustee, guardian, conservator, attorney-in-fact under a power of attorney, custodian under the California Uniform Transfer To Minors Act (Part 9 (commencing with Section 3900) of Division 4), or other legal representative subject to this code. See California Probate Code 39
- Trust: includes the following:
California Probate Code 82