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Official Code of Georgia Annotated

Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Chapter 12. TRUSTS · Article 13. TRUSTEES’ DUTIES AND POWERS · Part 1. DUTIES OF TRUSTEE

53-12-242. Duty to inform as to existence of trust.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    Within 60 days after the date of creation of an irrevocable trust or of the date on which a revocable trust becomes irrevocable, the trustee shall notify the qualified beneficiaries of such trust of the existence of such trust and the name and mailing address of such trustee.#

  2. (b)

    All irrevocable trusts in existence on July 1, 2010, shall be deemed to have waived this provision unless the trust instrument says otherwise.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 53-12-242, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2018, p. 262, § 18/HB 121.

Code Commission notes

Pursuant to Code Section 28-9-5, in 2010, ‘‘in existence on July 1, 2010,’’ was substituted for ‘‘in existence on the effective date of this part’’ in subsection (b).

Law reviews

For article on the 2018 amendment of this Code section, see 35 Ga. St. U. L. Rev. 219 (2018).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t52-t53-(v40)-2021-pdf.pdf, Volume V40, 2021 edition, page 882; merge action: annotated; file SHA-256 062775612dfc.