Bill
HB 146
Maryland law now requires trustees to provide detailed written notice to beneficiaries and courts when resigning, with specified timelines and procedures to protect beneficiary rights.
HB 146 modifies Maryland's estates and trusts law to establish clearer procedures for how trustees must notify beneficiaries and courts when resigning from their position. The bill specifies the timeline, method, and content requirements for resignation notices to ensure beneficiaries are properly informed and have opportunity to challenge or respond to the resignation.
Trustee resignations can significantly affect beneficiaries' access to trust assets and the management of estates, so establishing transparent notice requirements protects beneficiary interests and reduces disputes. Clear procedural standards also reduce litigation costs by preventing ambiguity about whether proper notice was given and who should step in as successor trustee.
Compiled from official sources — confirm details with the bill’s official record.
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