2025 Session
Last amended: 2015 session
§ 501C.0417 — Combination and Division of Trusts
Plain-Language Summary
Allows a trustee to combine small trusts or divide a trust into separate parts.
501C.0417 COMBINATION AND DIVISION OF TRUSTS.
After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.
History:
History: History:
2015 c 5 art 4 s 14
Practical Notes
Merging or splitting trusts can reduce costs and make them easier to manage.