O.C.G.A. § 53-12-500 (2019)

Annotations

Cross references. - Taxation of fiduciaries, § 48-7-22. Editor’s notes. - Ga. L. 1991, p. 810, repealed and reenacted the former chapter, effective July 1, 1991. The former chapter consisted of Code Sections 53-12-1 through 53-12-156, and was based on Ga. L. 1855-56, p. 228, § 5; Code 1863, § 3292; Code 1868, § 3304; Code 1873, § 3380; Code 1882, § 3380; Civil Code 1895, § 3205; Civil Code 1910, § 3789; Code 1933, §§ 108-504, 108-608, 108-609, 108-610; Ga. L. 1950, p. 310, § 1; Ga. L. 1961, p. 207, §§ 5, 6; Ga. L. 1971, p. 428, §§ 1, 2; Ga. L. 1971, p. 430, §§ 1-3; Ga. L. 1971, p. 643, §§ 1-3; Ga. L. 1973, p. 844, §§ 1, 2; Ga. L. 1974, p. 440, § 7; Ga. L. 1975, p. 1527, § 3; Ga. L. 1977, p. 719, § 1; Ga. L. 1980, p. 472, § 1; Ga. L. 1981, Ex. Sess., p. 8; Ga. L. 1982, p. 3, § 53; Ga. L. 1983, p. 884, § 4-1; Ga. L. 1984, p. 22, § 53; Ga. L. 1987, p. 191, § 9; Ga. L. 1988, p. 13, § 53; Ga. L. 1988, p. 1939, § 1; Ga. L. 1989, p. 14, § 53; Ga. L. 1989, p. 946, §§ 116-118; Ga. L. 1990, p. 667, § 2. Ga. L. 2010, p. 579, § 1, effective July 1, 2010, repealed the Code sections formerly codified at this chapter and enacted the

current chapter. The former chapter consisted of Code Sections 53-12-1 through 53-12-7 (Article 1), 53-12-20 through 53-12-28 (Article 2), 53-12-50 through 53-12-59 (Article 3), 53-12-70 through 53-12-74 (Article 4), 53-12-90 through 53-12-94 (Article 5), 53-12-110 through 53-12-133 (Article 6), 53-12-150 through 53-12-153 (Article 7), 53-12-170 through 53-12-173, 53-12-173.1, and 53-12-174 through 53-12-176 (Article 8), 53-12-190 through 53-12-199 (Article 9), 53-12-210 through 53-12-219 (Article 10), 53-12-230 through 53-12-234 (Article 11), 53-12-250 through 53-12-264 (Article 12), 53-12-280 through 53-12-290 (Article 13), 53-12-300 through 53-12-302 (Article 14), 53-12-320 through 53-12-330 (Article 15), 53-12-350 through 53-12-394 (Article 16), relating to trusts, and was based on Ga. L. 1991, p. 810, § 1; Ga. L. 1992, p. 1053, § 1; Ga. L. 1992, p. 1438, § 3; Ga. L. 1996, p. 504, §§ 4, 11-14; Ga. L. 1998, p. 1323, § 1; Ga. L. 1999, p. 81, § 53; Ga. L. 2000, p. 1589, § 3; Ga. L. 2002, p. 788, § 1; Ga. L. 2002, p. 854, § 1; Ga. L. 2002, p. 1316, § 7; Ga. L. 2003, p. 794, § 1; Ga. L. 2004, p. 161, § 14; Ga. L. 2005, p. 583, §§ 2-6/HB 406; Ga. L. 2006, p. 805, § 23/SB 534.

Table of Comparable Provisions for Chapter 12 of Title 53 Former Code Sections to Revised Code Sections This table lists each Code section in the former version of Chapter 12 of this title as such existed on June 30, 2010, and comparable provisions in the version of Chapter 12 which became effective July 1, 2010. It is intended to assist the user who is familiar with the former chapter to find comparable new provisions. 1991 Trust Act

2010 Trust Code

Article 1

53-12-201(b)

Article 2

53-12-22(a) none

Article 3

Article 4

1991 Trust Act

2010 Trust Code

Article 5

53-12-2(5)

Article 6 Part 1

none

Part 2

none 53-12-184, 53-12-194 53-12-184, 53-12-195

Article 7

53-12-63, 53-12-64

Article 8

1991 Trust Act Article 9 53-12 190 Article 10

2010 Trust Code 53-12-210, 53-12-211

53-12-240, 53-12-243,

53-12-247, 53-12-360 53-12-420, 53-12-421, 53-12-422, 53-12-423 53-12-400, 53-12-401, 53-12-426, 53-12-427 53-12-450, 53-12-451, 53-12-452, 53-12-453,

Article 11

53-12-261(a) 53-12-261, 53-12-262 none

TRUSTS 1991 Trust Act

2010 Trust Code

Article 12

none none none none none none none none none none none none none none

Article 13

none none none none none none none 53-12-340, 53-12-429 none none

Article 14

Article 15 (Repealed by Ga. L. 1998, p. 1323, § 1) Article 16 Part 1

none none

1991 Trust Act Part 2

1991 Trust Act Part 3

2010 Trust Code none none 53-12-320, 53-12-323 none none none

2010 Trust Code none none 53-12-2(4) 53-12-320, 53-12-321 53-12-322, 53-12-323

Revised Code Sections to Former Code Sections This table lists each Code section in the version of Chapter 12 of this title which became effective July 1, 2010, and comparable provisions in the former version of Chapter 12 as such existed on June 30, 2010. 2010 Trust Code Article 1 Article 2 Article 3

1991 Trust Act

53-12-1, 53-12-3 none none

53-12-23, 53-4-68 none none none

none none none none

2010 Trust Code

1991 Trust Act

Article 4

none none 53-12-152(b) 53-12-152(a) none

Article 5

none none none

Article 6 Part 1 Part 2

none

Article 7

Article 8

2010 Trust Code

Article 9

53-12-110, 53-12-111 none

Article 10 Part 1 Part 2 Article 11 Part 1 Part 2

TRUSTS 1991 Trust Act

53-12-123, 53-12-133 53-12-127, 53-12-132 53-12-128, 53-12-133

53-12-170, 53-12-6 none

2010 Trust Code Part 3

Article 12

53-7-73, 53-12-190(b) 53-7-73, 53-12-190(b) none

Article 13 Part 1 Part 2 Part 3 Part 4 Part 5 Article 14

1991 Trust Act none

53-12-190(a) none none 53-12-190(b) 53-12-190(c) none 53-12-211(b) none 53-12-230, 53-12-232 none

2010 Trust Code Article 15

Article 16 Part 1 Part 2 Article 17 Part 1 Part 2 Part 3 Part 4 Subpart 1

WILLS, TRUSTS, AND ESTATES 1991 Trust Act

53-12-391, 53-12-370, 53-12-392, 53-12-393,

none none none none none

none none 53-12-219(e)

2010 Trust Code Subpart 2

1991 Trust Act none

53-12-212(b) 53-12-212(a) 53-12-212(a), 53-12-212(b) none none 53-12-287(d) none none

Article 18

none

Law reviews. - For annual survey of law of wills, trusts, and administration of estates, see 40 Mercer L. Rev. 471 (1988). For annual survey of wills, trusts, and administration of estates law, see 41 Mercer L. Rev. 411 (1989). For annual survey of wills, trusts, and administration of estates, see 42 Mercer L. Rev. 491 (1990). For article, ‘‘The Georgia Trust Act,’’ 28 Ga. St. B.J. 95 (1991). For annual survey of wills, trusts, and administration, see 43 Mercer L. Rev. 457 (1991). For annual survey article on law of wills, trusts, and administration of estates, see 45 Mercer L. Rev. 475 (1993). For annual survey of law on wills, trusts, guardianships, and fiduciary administration, see 62 Mercer L. Rev. 365 (2010). For note on 1991 revision of this chapter, see 8 Ga. St. U.L. Rev. 201 (1992). COMMENT

Code Revision Committee Note on Comments. The comments appearing in this chapter have been prepared under the supervision of the Georgia Trust Code Revision Committee of the Fiduciary Law Section of the State Bar of Georgia and are included in the Official Code of Georgia Annotated at the request of the Committee. The comments were prepared by Anne S. Emanuel, Associate Professor at Georgia State University College of Law, reporter to the Georgia Trust Code Revision Committee, and were reviewed by the

members of the Committee: William J. Linkous, Jr. and James H. Morgan, Jr., Co-Chairmen; Henry L. Bowden, Jr., Subcommittee Chairman; Michael D. Alembik, A. Kimbrough Davis, Herbert Elsas, John M. Graham, Barbara C. Hipple, S. Davis Laney, Joseph C. Miller, Jeffrey Pennell, James C. Rehburg, and Albert P. Reichert, Jr. They were presented to the General Assembly, in substantially this form, as part of the explanation for the changes proposed from prior law, and to clarify the meaning of the Act. Neither the General Assembly of Georgia nor the Code Revision Commission of the State of Georgia has participated in the drafting of these comments or has reviewed the comments for their content. The comments should not be considered to constitute a statement of legislative intention by the General Assembly of Georgia nor do they have the force of statutory law. RESEARCH REFERENCES ALR. - Eligibility for welfare benefits as affected by claimant’s status as trust beneficiary, 21 A.L.R.4th 729.

ARTICLE 1 GENERAL PROVISIONS