Trustee Resignation Made Easier by The Maryland Trust Act
Under the Maryland Trust Act, which governs the administration of trusts in the state of Maryland, trustees will soon find it easier to resign from their duties. Beginning October 1, 2025, a Trustee may resign simply by submitting a written 30-day notice, informing beneficiaries, the creator of the trust (if still living), and any co-trustees. Previously, resignation often required a Trustee to petition the court and obtain consent of all beneficiaries, adding time, expense, and unnecessary complexity. However, keep in mind that resignation does not relieve a Trustee of liability for past actions.
For a free, confidential conversation to discuss the role of a Trustee, estate administration, or the probate process in general, contact Maryland estate attorney Stephen J. Reichert at 410-299-4959 or sreichert@reichertlegal.com.
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- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Howard County Maryland, Estate Administration Maryland, Estate Administration Montgomery County Maryland, Estate Administration Prince George's County, Trusts, Trusts Attorney Baltimore Maryland, Trusts Attorney Maryland, Trusts Attorney Prince George's County Maryland, Trusts Montgomery County Maryland, Uncategorized, Wills & Trusts, Wills & Trusts Anne Arundel County Maryland, Wills & Trusts Frederick Maryland, Wills & Trusts Glen Burnie Maryland, Wills & Trusts Hagerstown Maryland, Wills & Trusts Prince George's County Maryland
Aug, 05, 2025
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