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.
Cal. Prob. Code § 19521
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
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.