California Code, Probate Code - PROB § 15600
Current as of January 01, 2023 | Updated by FindLaw Staff
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(a) The person named as trustee may accept the trust, or a modification of the trust, by one of the following methods:
(1) Signing the trust instrument or the trust instrument as modified, or signing a separate written acceptance.
(2) Knowingly exercising powers or performing duties under the trust instrument or the trust instrument as modified, except as provided in subdivision (b).
(b) In a case where there is an immediate risk of damage to the trust property, the person named as trustee may act to preserve the trust property without accepting the trust or a modification of the trust, if within a reasonable time after acting the person delivers a written rejection of the trust or the modification of the trust to the settlor or, if the settlor is dead or incompetent, to a beneficiary. This subdivision does not impose a duty on the person named as trustee to act.
Cite this article: FindLaw.com - California Code, Probate Code - PROB § 15600 - last updated January 01, 2023 | https://codes.findlaw.com/ca/probate-code/prob-sect-15600.html
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