Section 817. Distribution upon termination
(a) Upon termination or partial termination of a trust, the trustee may send to the beneficiaries a proposal for distribution. The right of any beneficiary to object to the proposed distribution shall terminate if the beneficiary does not notify the trustee of an objection within 30 days after the proposal was sent, but only if the proposal: (i) informed the beneficiary of the right to object and of the time allowed for objection; and (ii) provided the beneficiary with sufficient material facts to enable the beneficiary to evaluate the proposal.
(b) Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses and taxes.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 203e - Massachusetts Uniform Trust Code
Article 8 - Duties and Powers of Trustee
Section 801 - Duty to Administer Trust
Section 804 - Prudent Administration
Section 805 - Costs of Administration
Section 806 - Trustee's Skills
Section 807 - Delegation by Trustee
Section 808 - Powers to Direct
Section 809 - Control and Protection of Trust Property
Section 810 - Recordkeeping and Identification of Trust Property
Section 811 - Enforcement and Defense of Claims
Section 812 - Collecting Trust Property
Section 813 - Duty to Inform and Report
Section 814 - Discretionary Powers; Tax Savings
Section 815 - General Powers of Trustee