Estates and Trusts - Trusts - Decanting (Maryland Trust Decanting Act)
Sponsor: Jon S. Cardin (District 11B)Committee: JudiciarySubject: Estates and TrustsStatus: Approved by the Governor - Chapter 715 (as of Nov 9, 2023)
What this bill does
Official synopsis
Establishing rules governing the exercise of the decanting power to distribute the property of a first trust to one or more second trusts or to modify the terms of a first trust; and providing for the retroactive application of the Act.
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Testimony (6)
MGA witness listFAV 6Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Howe, Deb | Franke Beckett LLC | Oral |
| FAV | Halpern, MB | Maryland Association of CPAs (MACPA) | Written (PDF) |
| FAV | Pritts, Christia | Sims & Campbell LLC | Oral |
| FAV | Delegate Cardin, Delegate Cardinlegislator | Individual | Oral |
| FAV | Horn, Matthew Mark | Individual | Written (PDF) |
| FAV | Kahl, Sarah | Individual | Oral + Written (PDF) |