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66 LAWS OF MARYLAND [Ch. 11
OF THE WILL, IF THE LEGACY IS IMMEDIATE AND NOT SUBJECT
TO A LIFE ESTATE. If THE LEGACY IS SUBJECT TO A LIFE
ESTATE A CORPORATION SHALL BE FORMED AT A TIME BETWEEN
PROBATE OF THE WILL AND THE END OF 12 MONTHS FOLLOWING
THE EXPIRATION OF A LIFE ESTATE OR LIFE ESTATES.
REVISOR'S NOTE: This section presently appears as
Art. 93, §4—409. The only changes are in
style and language.
4-410. "DIE WITHOUT ISSUE," AND SIMILAR PHRASES.
UNLESS A CONTRARY INTENT IS EXPRESSLY INDICATED IN
THE WILL, IN A LEGACY THE WORDS "DIE WITHOUT ISSUE, " OR
"DIE WITHOUT LEAVING ISSUE," OR OTHER WORDS WHICH MAY
IMPLY EITHER A LACK OR A FAILURE OF ISSUE OF A PERSON IN
HIS LIFETIME, OR AT THE TIME OF HIS DEATH, OR AN
INDEFINITE FAILURE OF HIS ISSUE, MEAN A LACK OR A FAILURE
OF ISSUE IN THE LIFETIME, OR AT THE TIME OF THE DEATH OF
THE PERSON, AND NOT AN INDEFINITE FAILURE OF HIS ISSUE.
REVISOR'S NOTE: This section presently appears as
Art. 93, §4—410. The section is changed in
style and structure.
4-411. LEGACY TO INTER VIVOS TRUST,
(A) LEGACY TO TRUST.
A LEGACY MAY BE MADE IN FORM OR IN SUBSTANCE TO THE
TRUSTEE IN ACCORDANCE WITH THE TERMS OF A WRITTEN INTER
VIVOS TRUST, INCLUDING AN UNFUNDED LIFE INSURANCE TRUST
ALTHOUGH THE SETTLOR HAS RESERVED ALL RIGHTS OF OWNERSHIP
IN THE INSURANCE CONTRACTS, IF THE TRUST INSTRUMENT HAS
BEEN EXECUTED AND IS IN EXISTENCE PRIOR TO OR
CONTEMPORANEOUSLY WITH THE EXECUTION OF THE WILL AND IS
IDENTIFIED IN THE WILL, WITHOUT REGARD TO THE SIZE OR
CHARACTER OF THE CORPUS OF THE TRUST OR WHETHER THE
SETTLOR IS THE TESTATOR OR A THIRD PERSON.
(E) VALIDITY OF LEGACY.
THE LEGACY IS VALID EVEN IF THE TRUST IS SUBJECT TO
AMENDMENT OR MODIFICATION OR MAY BE TERMINATED OR REVOKED
AFTER THE WILL IS EXECUTED WHETHER BY THE SETTLOR OR ANY
OTHER PERSON, OF IF THE TRUST INSTRUMENT OR AN AMENDMENT
TO IT WAS NOT EXECUTED IN THE MANNER REQUIRED BY THE
ESTATES OF DECEDENTS LAW FOR WILLS.
(C) AMENDMENT OF TRUST.
UNLESS THE WILL PROVIDES OTHERWISE:
(1) THE LEGACY IS VALID EVEN IF THE TRUST WAS
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