Statute · California Probate Code
Cal. Prob. Code § 19525 — Uniform Trust Decanting Act
Cal. Prob. Code § 19525
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Date
- 2019-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) For purposes of the law of this state other than this part and subject to subdivision (b), a settlor of a first trust is deemed to be the settlor of the second trust with respect to the portion of the principal of the first trust subject to the exercise of the decanting power.
Citator
Cal. Prob. Code § 19525 — Uniform Trust Decanting Act is in force in the current edition of the Code, and nothing recorded condemns it.
(a) For purposes of the law of this state other than this part and subject to subdivision (b), a settlor of a first trust is deemed to be the settlor of the second trust with respect to the portion of the principal of the first trust subject to the exercise of the decanting power.
(b) In determining settlor intent with respect to a second trust, the intent of a settlor of the first trust, a settlor of the second trust, and the authorized fiduciary may be considered.