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Comparison of Uniform Trust Code, DC Trust Code, Maryland Trust Act, and Virginia Trust Code, with Annotations

  • Preamble
  • Article 1
  • Article 2
  • Article 3
  • Article 4
  • Article 5
  • Article 6
  • Article 7
  • Article 8
  • UPIA-UTC Article 9
  • Article 10
  • Article 11
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A

MD §14.5-809 provides that a trustee of a revocable trust is not responsible for items of tangible personal property that are not in the possession or control of the trustee. This provision facilitates the transfer of tangible personal property to a revocable trust in order to avoid probate with respect to such property.

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UTC

§ 809. Control and protection of trust property.

A trustee shall take reasonable steps to take control of and protect the trust property.

DC

§ 19-1308.09. Control and protection of trust property.

A trustee shall take reasonable steps to take control of and protect the trust property.

MD

§ 14.5-809. Control and protection of trust property; exception.

A

A trustee shall take reasonable steps to take control of and protect the trust property, except that this duty does not apply to, and the trustee is not responsible for, items of tangible personal property that are property of a trust that is revocable by the settlor and that are not in the possession or control of the trustee.

VA

§ 64.2-771. Control and protection of trust property

A trustee shall take reasonable steps to take control of and protect the trust property.

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Current Through: 7/25/2019

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