Nebraska § 30-4505 Application; governing law

Nebraska Statutes

§ 30-4505 — Application; governing law

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

The Uniform Trust Decanting Act applies to a trust created before, on, or after November 14, 2020, which:

(1)has its principal place of administration in this state, including a trust whose principal place of administration has been changed to this state; or

(2)provides by its trust instrument that it is governed by the law of this state or is governed by the law of this state for the purpose of:

(A)administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this state;

(B)construction of terms of the trust; or

(C)determining the meaning or effect of terms of the trust.

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The Uniform Trust Decanting Act applies to a trust created before, on, or after November 14, 2020, which:
(1) has its principal place of administration in this state, including a trust whose principal place of administration has been changed to this state; or
(2) provides by its trust instrument that it is governed by the law of this state or is governed by the law of this state for the purpose of:
(A) administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this state;
(B) construction of terms of the trust; or
(C) determining the meaning or effect of terms of the trust.

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