Alabama § 19-3D-25 Settlor

Alabama Statutes

§ 19-3D-25 — Settlor

Alabama·Title 19 Fiduciaries and Trusts·Ch. 3D Alabama Uniform Trust Decanting Act

(a)For purposes of laws of this state other than this chapter and subject to subsection (b), a settlor of a first trust is deemed to be the settlor of the second trust with respect to the portion of the principal of the first trust subject to the exercise of the decanting power.

(b)In determining settlor intent with respect to a second trust, the intent of a settlor of the first trust, a settlor of the second trust, and the authorized fiduciary may be considered.

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(a) For purposes of laws of this state other than this chapter and subject to subsection (b), a settlor of a first trust is deemed to be the settlor of the second trust with respect to the portion of the principal of the first trust subject to the exercise of the decanting power.
(b) In determining settlor intent with respect to a second trust, the intent of a settlor of the first trust, a settlor of the second trust, and the authorized fiduciary may be considered.

Alabama § 19-3D-25 (Settlor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.