WILLIAM DONALD SCHAEFER, Governor

Ch. 418

(1)      THE TRANSFEROR OR THE LEGAL REPRESENTATIVE OF THE
TRANSFEROR;

(2)      THE TRUSTEE;

(3)      THE BENEFICIARY OR THE BENEFICIARY'S LEGAL
REPRESENTATIVE;

(4)      THE GUARDIAN OF THE PERSON THE BENEFICIARY;

(5)      AN ADULT MEMBER OF THE BENEFICIARY'S FAMILY OR THAT
FAMILY MEMBER'S LEGAL REPRESENTATIVE; OR

(6)      A PERSON INTERESTED IN THE TRUST PROPERTY OR A PERSON
INTERESTED IN THE WELFARE OF THE BENEFICIARY, EITHER OF WHOM THE COURT
DETERMINES TO HAVE A LEGITIMATE INTEREST.

(I) UNLESS RENOUNCED BY THE TRANSFEROR, THE TRANSFEROR MAY AT
ANY TIME REMOVE OR CHANGE THE DESIGNATION OF THE TRUSTEE AND
SUCCESSOR TRUSTEES.

14-404.

(A)     A PERSON MAY CREATE A TRUST BY TRANSFERRING PROPERTY IN
WRITING TO ANOTHER PERSON IF THE DOCUMENT TRANSFERS PROPERTY IN A
LEGALLY RECOGNIZED MANNER AND:

(1)      IDENTIFIES THE RECIPIENT OF THE PROPERTY AS THE TRUSTEE;

(2)      IDENTIFIES THE BENEFICIARY OF THE TRUST; AND

(3)      IDENTIFIES THE PROPERTY AS BEING TRANSFERRED UNDER THE
MARYLAND DISCRETIONARY TRUST ACT.

(B)     A PERSON MAY CREATE A TRUST BY WRITTEN DECLARATION IF THE
WRITTEN DECLARATION IS EXECUTED IN A LEGALLY RECOGNIZED MANNER AND:

(1)      IDENTIFIES THE PROPERTY TO BE HELD IN TRUST;

(2)      IDENTIFIES THE BENEFICIARY OF THE TRUST;

(3)      IDENTIFIES THE DECLARANT AS TRUSTEE AND TITLE HOLDER; AND

(4)      IDENTIFIES THE PROPERTY AS BEING HELD IN TRUST UNDER THE
MARYLAND DISCRETIONARY TRUST ACT.

(C)     A PERSON HAVING THE RIGHT TO TRANSFER PROPERTY UPON A FUTURE
EVENT MAY CREATE A TRUST UPON THE OCCURRENCE OF THE FUTURE EVENT BY:

(1) DESIGNATING:

(I)       THE EVENT;

(II)     THE PROPERTY;

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