An Act relative to the Massachusetts Uniform Trust Decanting Act
Massachusetts adopts the Uniform Trust Decanting Act, enabling trustees to transfer trust assets between trusts with standardized procedures while protecting beneficiary interests.
Massachusetts adopts the Uniform Trust Decanting Act, enabling trustees to transfer trust assets between trusts with standardized procedures while protecting beneficiary interests.
HD 2382 enacts the Massachusetts Uniform Trust Decanting Act, which allows trustees to transfer trust assets from one trust to another (a process called "decanting") under specified conditions. This legislation standardizes the procedures, limitations, and protections governing trust decanting in Massachusetts, aligning the state with the Uniform Law Commission's model act adopted by numerous other states.
Trust decanting provides a practical tool for trustees to modernize outdated trust provisions, correct errors, or adapt trusts to changing beneficiary circumstances without requiring court intervention or beneficiary consent in many cases. This can reduce costs and delays for estate planning while also creating clarity around a practice that currently exists in legal gray areas in Massachusetts, affecting how families manage multi-generational wealth.
Compiled from official sources — confirm details with the bill’s official record.
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