Md. Code, Est. & Trusts § 14-613

Current with changes from the 2024 Legislative Session

Section 14-613 - Fiduciary's compensation

An authorized fiduciary may not exercise the decanting power to increase the authorized fiduciary's compensation, unless:

(1) All qualified beneficiaries of the second trust consent to the increase in a signed record;

(2) A court approves the increase; or

(3) The increase is incidental to other changes made by the exercise of the decanting power.

Md. Code, ET § 14-613

Added by 2023 Md. Laws, Ch. 716, Sec. 1, eff. 10/1/2023.

Added by 2023 Md. Laws, Ch. 715, Sec. 1, eff. 10/1/2023.