Maryland Code, ESTATES AND TRUSTS 15-618
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, ESTATES AND TRUSTS 15-618
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- Personal representative: includes an administrator and an executor. See
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
This subtitle applies to:
(1) A fiduciary acting under a will or power of attorney executed before, on, or after October 1, 2016;
(2) A personal representative acting for a decedent who died before, on, or after October 1, 2016;
(3) A guardianship proceeding, whether pending in a court or commenced before, on, or after October 1, 2016;
(4) A trustee acting under a trust created before, on, or after October 1, 2016; and
(5) A custodian if the user resides in this State or resided in this State at the time of the user’s death.