2017 Maryland Code
Estates and Trusts
Title 14 - Trusts
Subtitle 4 - Maryland Discretionary Trust Act
§ 14-407. Forms

"Transfer Under the Maryland Discretionary Trust Act

• A. I, ____ (name of transferor or name of representative capacity if a

  fiduciary), transfer the property described in paragraph D to the trustee

  named in paragraph B, and such trustee's successors, to be held in trust under

  the Maryland Discretionary Trust Act by the trustee for the benefit of the

  beneficiary named in paragraph C.

• B. 1. The trustee shall be ____.

  (name one or more)

  • 2. At any time when the trustee is unable to serve as trustee, the

    following persons shall succeed as trustee in the order named (specify who

    replaces whom for multiple trustees):

    • i. ____
    • ii. ____
    • iii. ____.

• C. The beneficiary shall be____

  (name one only)

• D. The trust property shall be:
  • 1. ____ ____
  • 2. ____ ____

• E. The trust shall terminate upon the first to occur of (check those

  applicable):

  • 1. ____ the death of the beneficiary
  • 2. ____ the following date:____
  • 3. ____ the following event:____

    ____ .

• F. Upon termination, the remaining trust property shall be distributed

  to____ .

  (name person or persons)

• G. Revocability (check one):
  • 1. ____ The transferor may revoke this trust.
  • 2. ____ The transferor may not revoke this trust.

    Signature of transferor____

    Date of execution____

    Signature of witness____

    Date:____

    Name of attorney preparing this statement of

    transfer:

    ____

    State of Maryland, ____ : ss

    I hereby certify that on ____ (fill in date) before me, a notary

    public of the State of Maryland, personally appeared ____ (name of

    transferor) known to me, or satisfactorily proven, to be the person whose name

    is subscribed to the within instrument and who acknowledges that he/she

    (strike one) executed the same for the purposes therein contained.

    Witness my hand and Notarial Seal.

    ____

    Notary Public

    My commission expires: ____."

declaration:

"Declaration of Trust Under the Maryland Discretionary Trust Act

• A. I, ____ (name of property owner) declare that henceforth I as

  trustee will hold the property described in paragraph D in trust under the

  Maryland Discretionary Trust Act for the benefit of the beneficiary named in

  paragraph C.

• B. 1. At any time when I am unable to serve as trustee, the trustee

  shall be: ____

  (name one or more)

  • 2. At any time when the trustee who succeeds me is unable to serve as

    trustee, the following persons shall succeed as trustee in the order named

    (specify who replaces whom for multiple trustees):

    • i. ____
    • ii. ____
    • iii. ____.

• C. The beneficiary shall be ____.

• D. The trust property shall be:
  • 1. ____ ____
  • 2. ____ ____ .

• E. The trust shall terminate upon the first to occur of (check those

  applicable):

  • 1. ____ The death of the beneficiary
  • 2. ____ The following date:____
  • 3. ____ The following event:____

    ____ .

• F. Upon termination, the remaining trust property shall be distributed to

  ____ .

  (name person or persons)

• G. Revocability (check one):
  • 1. ____ The declarant may revoke this trust.
  • 2. ____ The declarant may not revoke this trust.

    Signature of declarant____

    Date of execution____

    Signature of witness____

    Date____

    Name of attorney preparing this declaration:

    ____

    State of Maryland, ____ : ss

    I hereby certify that on ____ (fill in date) before me, a notary

    public of the State of Maryland, personally appeared ____ (name of declarant)

    known to me, or satisfactorily proven, to be the person whose name is

    subscribed to the within instrument and who acknowledges that he/she (strike

    • one) executed the same for the purposes therein contained.

      Witness my hand and Notarial Seal.

      ____

      Notary Public

      My commission expires: ____."