Section 411. Modification or termination of non-charitable irrevocable trust by consent
(a) If, upon petition, the court finds that the settlor and all beneficiaries consent to the modification or termination of a non-charitable irrevocable trust, the court may approve the modification or termination even if the modification or termination is inconsistent with a material purpose of the trust.
(b) A non-charitable irrevocable trust may be terminated upon consent of all of the beneficiaries if the court concludes that continuance of the trust is not necessary to achieve any material purpose of the trust. A non-charitable irrevocable trust may be modified upon consent of all of the beneficiaries if the court concludes that modification is not inconsistent with a material purpose of the trust.
(c) If not all of the beneficiaries consent to a proposed modification or termination of the trust under subsection (a) or (b), the modification or termination may be approved by the court if the court is satisfied that:
(1) if all of the beneficiaries had consented, the trust could have been modified or terminated under this section; and
(2) the interests of a beneficiary who does not consent will be adequately protected.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 203e - Massachusetts Uniform Trust Code
Article 4 - Creation, Validity, Modification and Termination of Trust
Section 401 - Methods of Creating Trust
Section 402 - Requirements for Creation
Section 403 - Trusts Created in Other Jurisdictions
Section 405 - Charitable Purposes; Enforcement
Section 406 - Creation of Trust Induced by Fraud, Duress or Undue Influence
Section 407 - Evidence of Oral Trust
Section 408 - Trust for Care of an Animal
Section 409 - Non-Charitable Trust Without Ascertainable Beneficiary
Section 410 - Modification or Termination of Trust; Proceedings for Approval or Disapproval
Section 411 - Modification or Termination of Non-Charitable Irrevocable Trust by Consent
Section 414 - Modification or Termination of Uneconomic Trust