Maine § 18-B §1212 Trust for beneficiary with disability

Maine Statutes

§ 18-B §1212 — Trust for beneficiary with disability

Maine·Title 18-B TRUSTS·Part 1 MAINE UNIFORM TRUST CODE·Ch. 12 MAINE UNIFORM TRUST DECANTING ACT

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Special-needs decanting. A special-needs fiduciary may exercise the decanting power under section 1210 over the principal of a first trust as if the fiduciary had authority to distribute principal to a beneficiary with a disability subject to expanded distributive discretion if:

3.Beneficiary with a disability. In an exercise of the decanting power under this section, the following apply:

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Special-needs decanting.
A special-needs fiduciary may exercise the decanting power under section 1210 over the principal of a first trust as if the fiduciary had authority to distribute principal to a beneficiary with a disability subject to expanded distributive discretion if:
3.
Beneficiary with a disability.
In an exercise of the decanting power under this section, the following apply:

Maine § 18-B §1212 (Trust for beneficiary with disability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.