Discretionary powers; tax savings

  1. Law
  2. District of Columbia Code
  3. Descent, Distribution, and Trusts. [Enacted title]
  4. Uniform Trust Code
  5. Duties and Powers of Trustee
  6. Discretionary powers; tax savings

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(a) Notwithstanding the breadth of discretion granted to a trustee in the terms of the trust, including the use of such terms as “absolute”, “sole”, or “uncontrolled”, the trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.

(b) Section 21-1722 applies to a trust governed by this chapter.

(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)

Editor's Notes

Uniform Law: This section is based upon § 814 of the Uniform Trust Code.


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