Sec. 45a-482. (Formerly Sec. 45-93a). Distribution of assets of inoperative trust.
Sec. 45a-482. (Formerly Sec. 45-93a). Distribution of assets of inoperative
trust. When the facts at the time of distribution from an estate to a trust or from a
testamentary trust to a successive trust are such that no trust would be operative under
the terms of the instrument creating such trust or successive trust because of the death
of the life tenant, or because the beneficiary has reached a stipulated age, or if such
trust would qualify for termination under section 45a-484, or for any other reason, the
fiduciary of such estate or prior trust may distribute, with the approval of the court of
probate having jurisdiction, directly from the estate or prior trust to the remaindermen
of such trust, the corpus of such trust and any income earned during the period of estate
administration or administration of the prior trust and distributable to such remaindermen, without the interposition of the establishment of such trust or successive trust.
If distribution is based on the fact that the trust would qualify for termination under
section 45a-484, reasonable notice shall be provided to all beneficiaries who are known
and in being and who have vested or contingent interests in the trust.
(P.A. 73-250; P.A. 80-476, S. 221; P.A. 96-255, S. 1.)
History: P.A. 80-476 rephrased provisions; Sec. 45-93a transferred to Sec. 45a-482 in 1991; P.A. 96-255 amended
section to provide for distribution if trust would qualify for termination under Sec. 45a-484 and require notice to all
beneficiaries in such case.