Md. Code, Est. & Trusts § 14.5-603

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 14.5-603 - Rights of beneficiaries subject to control of settlor
(a) Except as provided in subsection (b) of this section, while a trust is revocable, rights of the beneficiaries are subject to the control of the settlor and the duties of the trustee are owed exclusively to the settlor.
(b) While a trust is revocable and a settlor does not have the capacity to revoke the trust, a beneficiary to which distributions may be made during the lifetime of the settlor shall have the right to enforce the trust as if the trust were irrevocable.

Md. Code, ET § 14.5-603

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.