15 chapters · 329 sections in this title.
D.C. Code § 19-1304.14 Termination of uneconomic trust
0.7K chars
(a) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $50,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.…
D.C. Code § 19-1304.15 Reformation to correct mistakes
0.3K chars
The court may reform the terms of a trust, even if unambiguous, to conform the terms to the settlor’s intention if it is proved by clear and convincing evidence that both the settlor’s intent and the terms of the trust were affected by a mistake of fact or law, whether in express…
D.C. Code § 19-1304.16 Modification to achieve settlor’s tax objectives
0.2K chars
To achieve the settlor’s tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the settlor’s probable intention. The court may provide that the modification has retroactive effect.
D.C. Code § 19-1304.17 Combination and division of trusts
0.3K chars
After notice to the qualified beneficiaries, a trustee may combine 2 or more trusts into a single trust or divide a trust into 2 or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.