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Cal. Prob. Code § 19504

Uniform Trust Decanting Act

Known as the Uniform Trust Decanting Act

The act spans §§ 19501–19530 (28 sections).

Added by Stats. 2018, Ch. 407, Sec. 1

(a) In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.

(b) This part does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this part.

(c) Except as otherwise provided in a first trust instrument, for purposes of this part, the terms of the first trust are deemed to include the decanting power.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.