California Probate Code

§ 16332

PROB § 16332 Effective Jan 1, 2024Div. 9 · Part 4 · Ch. 3 · Art. 3

Statute text

(a)A fiduciary, without court approval, by complying with subdivisions (b) and (f), may do any of the following:

(1)Convert an income trust to a unitrust if the fiduciary creates in a record a unitrust plan for the trust providing for both of the following:

(A)That in administering the trust, the net income of the trust will be a unitrust amount rather than net income determined without regard to this article.

…

Legislative history

Added by Stats. 2023, Ch. 28, Sec. 2. (SB 522) Effective January 1, 2024.