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Session Laws, 1995
Volume 793, Page 134   View pdf image
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Ch. 3                                       1995 LAWS OF MARYLAND

Occurred: Ch. 418, Acts of 1994:

14-405.

(j) (1) The following persons in the order listed may request an accounting of
trust property and transactions:

(iv) An adult member OF the beneficiary's family or that family
member's legal representative; or

DRAFTER'S NOTE:

Error: Omitted word § 14-405(j)(1)(iv) of the Estates and Trusts Article.

Occurred:. Ch. 418, Acts of. 1994.

14-407.

(b) The following form may be used to create a trust by declaration:

"Declaration of Trust Under the Maryland Discretionary Trust Act

A.      I, __________          (name of property owner) declare that

henceforth I as trustee will hold the property described in paragraph D in trust under the
Maryland Discretionary Trust Act for the benefit of the beneficiary named in paragraph
C.                                     

B.       1. At any time when I am unable to serve as trustee, the trustee shall
be: __________

(name one or more)

2. At any time when the trustee who succeeds me is unable to serve
as trustee, the following persons shall succeed as trustee in the order named (specify who
replaces whom for multiple trustees):

i. __________________________________________________________________________________________

ii. _____________________________________________________

iii. ____________________________________________________.

C.      The beneficiary shall be ___________.

D.      The trust property shall be:

1.________________________________________________________

2._____________________________

E. The trust shall terminate upon the first to occur of (check those
applicable):

1. _________              The death of the beneficiary

- 134 -

 

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Session Laws, 1995
Volume 793, Page 134   View pdf image
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