(a) (1) The court may modify the administrative or dispositive terms of a trust or terminate the trust if, because of circumstances not anticipated by the settlor, modification or termination will further the purposes of the trust.
(2) To the extent practicable, the modification described in paragraph (1) of this subsection shall be made in accordance with the probable intention of the settlor.
(b) The court may modify the administrative terms of a trust if continuation of the trust on its existing terms would be impracticable or wasteful or impair the administration of the trust.
(c) On termination of a trust under subsection (a) of this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust as ordered by the court.
Structure Maryland Statutes
Title 14.5 - Maryland Trust Act
Subtitle 4 - Creation, Validity, Modification, and Termination of Trust
Section 14.5-401 - Creation of Trust
Section 14.5-402 - Requirements
Section 14.5-403 - Validity of Trust Not Created by Will
Section 14.5-404 - Purposes and Benefits
Section 14.5-405 - Void Trusts
Section 14.5-406 - Oral Trusts Established by Clear and Convincing Evidence
Section 14.5-407 - Trusts for Care of Animal
Section 14.5-408 - Noncharitable Trusts
Section 14.5-409 - Termination of Trusts; Institution of Proceedings
Section 14.5-410 - Modification or Termination of Trust
Section 14.5-412 - Termination Without Court Order -- Procedure
Section 14.5-413 - Reforming Terms of Trust
Section 14.5-414 - Modification of Terms for Purposes of Taxes