California Probate Code

§ 19504

PROB § 19504 Effective Jan 1, 2019Div. 9 · Part 9

Statute text

(a)In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.

(b)This part does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this part.

(c)Except as otherwise provided in a first trust instrument, for purposes of this part, the terms of the first trust are deemed to include the decanting power.

Legislative history

Added by Stats. 2018, Ch. 407, Sec. 1. (SB 909) Effective January 1, 2019.