An Act relative to the Massachusetts Uniform Trust Decanting Act

This bill establishes the Massachusetts Uniform Trust Decanting Act, giving trustees the legal authority to transfer assets from one trust to a new trust with modified terms. It defines key terms like "decanting power" and clarifies who qualifies as a beneficiary for trust adjustments. The law directly affects Massachusetts trustees, beneficiaries (including charitable organizations), and trust assets by providing a streamlined way to update trust terms without court approval. It applies to both personal and charitable trusts under state law.