Section 34-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] Scope(a) Except as provided in subsections (b) to (e), inclusive, of this section, sections 1 to 29, inclusive, of this act apply to an express trust that is irrevocable, whether testamentary or inter vivos, or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest.(b) Sections 1 to 29, inclusive, of this act do not apply to a trust held solely for charitable purposes.(c) Sections 1 to 29, inclusive, of this act do not apply to statutory trusts created pursuant to chapter 615 of the general statutes.(d) Subject to the provisions of section 15 of this act, a trust instrument may restrict or prohibit exercise of the decanting power.(e) No provision of sections 1 to 29, inclusive, of this act, as such provision may be applied to a trust established pursuant to and in compliance with 42 USC 1396p(d)(4), as amended from time to time, shall be interpreted in a manner that is inconsistent with, or that contravenes, the provisions of federal law, nor shall any court having jurisdiction over any such trust issue an order, judgment, decree or ruling, that is inconsistent with, or that contravenes, the provisions of federal law.(f) Sections 1 to 29, inclusive, of this act do not limit the power of a trustee, powerholder or other person to distribute or appoint property in further trust or to modify a trust under the trust instrument, law of this state other than sections 1 to 29, inclusive, of this act, common law, a court order or a nonjudicial settlement agreement under section 45a-499k of the general statutes.(g) Sections 1 to 29, inclusive, of this act do not affect the ability of a settlor to provide in a trust instrument for the distribution of the trust property or appointment in further trust of the trust property or for modification of the trust instrument.Conn. Gen. Stat. § 34-NEW
Added by P.A. 24-0104,S. 3 of the Connecticut Acts of the 2024 Regular Session, eff. 1/1/2025.