Existing law establishes procedures for the creation, modification, and termination of a trust, and regulates the administration of trusts by trustees on behalf of beneficiaries. Existing law authorizes a trustee to terminate a trust if the principal of a trust does not exceed $50,000 in value.
This bill would instead grant a trustee the power to terminate a trust if the fair market value of its principal does not exceed $100,000 in value.

Statutes affected:
SB1127: 15408 PROB
02/13/24 - Introduced: 15408 PROB
03/18/24 - Amended Senate: 15408 PROB
05/28/24 - Amended Assembly: 15408 PROB
06/21/24 - Enrolled: 15408 PROB
07/02/24 - Chaptered: 15408 PROB
SB 1127: 15408 PROB