Maine § 18-B §604 Limitation on action contesting validity of revocable trust; distribution of trust property

Maine Statutes

§ 18-B §604 — Limitation on action contesting validity of revocable trust; distribution of trust property

Maine·Title 18-B TRUSTS·Part 1 MAINE UNIFORM TRUST CODE·Ch. 6 REVOCABLE TRUSTS

1.Revocable trust. A person may commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor's death within the earlier of:

2.Trustee liability for distributions. Upon the death of the settlor of a trust that was revocable at the settlor's death, the trustee may proceed to distribute the trust property in accordance with the terms of the trust. The trustee is not subject to liability for doing so unless:

3.Beneficiary to return distribution. A beneficiary of a trust that is determined to have been invalid is liable to return any distribution received.

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1.
Revocable trust.
A person may commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor's death within the earlier of:
2.
Trustee liability for distributions.
Upon the death of the settlor of a trust that was revocable at the settlor's death, the trustee may proceed to distribute the trust property in accordance with the terms of the trust. The trustee is not subject to liability for doing so unless:
3.
Beneficiary to return distribution.
A beneficiary of a trust that is determined to have been invalid is liable to return any distribution received.

Maine § 18-B §604 (Limitation on action contesting validity of revocable trust; distribution of trust property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.