Maryland Code, ESTATES AND TRUSTS 14-613
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Terms Used In Maryland Code, ESTATES AND TRUSTS 14-613
- Fiduciary: A trustee, executor, or administrator.
An authorized fiduciary may not exercise the decanting power to increase the authorized fiduciary’s compensation, unless:
(1) All qualified beneficiaries of the second trust consent to the increase in a signed record;
(2) A court approves the increase; or
(3) The increase is incidental to other changes made by the exercise of the decanting power.