HB 121 - Property, Wills, Trusts, and Estates

Authors

Colt Burnett, Georgia State University College of LawFollow
Ben Dell'Orto, Georgia State University College of LawFollow

Document Type

Peach Sheet

Abstract

The Act amends several aspects of trust law, including updating the application of the Uniform Statutory Rule Against Perpetuities in Georgia by extending the time within which a nonvested property interest or power of appointment must vest from 90 to 360 years. The Act also allows for modifications of a trust without judicial approval in some cases. Many passages are simplified, including the calculation of compensation for a trustee, which can now be modified through different procedures. Finally, the Act codifies the role of trust directors.

Recommended Citation

Colt Burnett & Ben Dell'Orto, HB 121 - Property, Wills, Trusts, and Estates, 35 Ga. St. U. L. Rev. (2018).
Available at: https://readingroom.law.gsu.edu/gsulr/vol35/iss1/13