California Probate Code CHAPTER 3 - Modification and Termination of Trusts

• Section 15400.
  Unless a trust is expressly made irrevocable by the trust instrument, the trust is revocable by the settlor. This section applies only where the settlor...
• Section 15401.
  (a) A trust that is revocable by the settlor or any other person may be revoked in whole or in part by any of the following...
• Section 15402.
  Unless the trust instrument provides otherwise, if a trust is revocable by the settlor, the settlor may modify the trust by the procedure for revocation.(Enacted...
• Section 15403.
  (a) Except as provided in subdivision (b), if all beneficiaries of an irrevocable trust consent, they may petition the court for modification or termination of the...
• Section 15404.
  (a) A trust may be modified or terminated by the written consent of the settlor and all beneficiaries without court approval of the modification or termination.(b) If...
• Section 15405.
  For the purposes of Sections 15403 and 15404, the consent of a beneficiary who lacks legal capacity, including a minor, or who is an unascertained...
• Section 15406.
  In determining the class of beneficiaries whose consent is necessary to modify or terminate a trust pursuant to Section 15403 or 15404, the presumption of...
• Section 15407.
  (a) A trust terminates when any of the following occurs:(1) The term of the trust expires.(2) The trust purpose is fulfilled.(3) The trust purpose becomes unlawful.(4) The trust purpose becomes...
• Section 15408.
  (a) On petition by a trustee or beneficiary, if the court determines that the fair market value of the principal of a trust has become so...
• Section 15409.
  (a) On petition by a trustee or beneficiary, the court may modify the administrative or dispositive provisions of the trust or terminate the trust if, owing...
• Section 15410.
  At the termination of a trust, the trust property shall be disposed of as follows:(a) In the case of a trust that is revoked by the...
• Section 15411.
  If the terms of two or more trusts are substantially similar, on petition by a trustee or beneficiary, the court, for good cause shown, may...
• Section 15412.
  On petition by a trustee or beneficiary, the court, for good cause shown, may divide a trust into two or more separate trusts, if the...
• Section 15413.
  A trust provision, express or implied, that the trust may not be terminated is ineffective insofar as it purports to be applicable after the expiration...
• Section 15414.
  Notwithstanding any other provision in this chapter, if a trust continues in existence after the expiration of the longer of the periods provided by the...

Last modified: October 22, 2018