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13 chapters · 147 sections in this title.
18-B M.R.S. § 601 Capacity of settlor of revocable trust
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The capacity required to create, amend, revoke or add property to a revocable trust, or to direct the actions of the trustee of a revocable trust, is the same as that required to make a will.
18-B M.R.S. § 602 Revocation or amendment of revocable trust
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1. Revocable unless expressly provided. Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust. This subsection does not apply to a trust created under an instrument executed before July 1, 2005. 2. Revocable trust w…
18-B M.R.S. § 603 Settlor's powers; powers of withdrawal
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1. Revocable trust. To the extent a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor. 2. Rights of settlor of revocable trust. During the period the power may be exercised, the holder…
18-B M.R.S. § 604 Limitation on action contesting validity of revocable trust; distribution of trust property
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1. Revocable trust. A person may commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor's death within the earlier of: A. Three years after the settlor's death; or [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).] B…