Legislation
- Title
- Maryland Trust Act - Revocable Trusts - Creditors' Claims - Limitations
- Sponsored by
- Delegates Miele, Krebs, Pena-Melnyk, Saab, Hammen, Angel, Barron, Bromwell, Cullison, Hayes, Kelly, McDonough, McMillan, Morgan, Morhaim, Oaks, Pendergrass, Reznik, Sample-Hughes, West, and K. Young
- Status
- Approved by the Governor - Chapter 100
- Analysis
- Fiscal and Policy Note
Synopsis
Providing that, under specified circumstances, property of a specified trust is not subject to, and a trustee and beneficiaries of that trust may not be held liable for, specified claims of creditors of the settlor; providing that the publication of specified notice by the trustee in a specified manner shall afford the trust property, the trustee, and the beneficiaries specified protections under specified provisions of law barring specified claims after a specified period of time; etc.
Committees
- Opposite:
- Judicial Proceedings
Details
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14.5-508 )
Last Updated: 2/3/2020 2:29 PM