An Act relating to trusts; relating to trust proceedings; relating to nonjudicial settlement agreements in trust matters; relating to the powers of trustees; and providing for an effective date.

Summary

The bill requires court records in noncharitable trust proceedings to be sealed and limits who may view them. It obligates trustees to mail detailed notices of any proposed trust actions to all adult beneficiaries and sets the burden of proof for beneficiaries who object. It also expands and clarifies trustee and trust‑protector powers while adding affidavit requirements for settlor asset transfers and narrowing fraudulent‑transfer claims.

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