California Probate Code

§ 19516

PROB § 19516 Effective Jan 1, 2019Div. 9 · Part 9

Statute text

(a)If a first trust instrument specifies an authorized fiduciary’s compensation, the fiduciary may not exercise the decanting power to increase the fiduciary’s compensation above the specified compensation unless either of the following occurs:

(1)All qualified beneficiaries of the second trust consent to the increase in a signed writing.

(2)The increase is approved by the court.

…

Legislative history

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