Maryland § 14-402
Full text of Maryland Maryland Code § 14-402, with citation guidance and answers to common questions.
§ 14-402.
(a) (1) The trustee holds title to the trust property.
(2) Trust property may not be considered property or an available resource of the beneficiary.
(3) The beneficiary may not have any interest in trust property that can be assigned or attached.
(4) No part of the trust property may be subject to claims for costs of care provided to the beneficiary by a state.
(b) (1) The trustee has sole discretion over trust property expenditures.
(2) The trustee shall decide what expenditures will be made, how they will be made, and when they will be made for the benefit of the beneficiary.
(3) A trust may be used to ensure that trust property is available to provide for the needs of the beneficiary to the extent not provided for by other sources, including public and private benefit programs for which the beneficiary would or might be eligible if the trust did not exist.
(4) A trustee may retain any trust property received from a transferor.
(c) A person dealing with a transferor, declarant, or trustee is protected in those dealings in accordance with § 14-405 of this subtitle.
(d) Any person except the beneficiary may augment trust property.
(e) (1) When establishing a trust, the transferor may designate the trust to be either revocable or irrevocable.
(2) If no designation is made, the trust is revocable.
Frequently Asked Questions About Maryland § 14-402
What does Maryland Code § 14-402 cover?
Section 14-402 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 14-402?
A common citation format is "Maryland Code § 14-402" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 14-402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.