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Md. Code Ann., Est. & Trusts § 14-613

Known as the Maryland Trust Decanting Act

The act spans §§ 14–14 (26 sections).

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.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.