Section 564-C:6-602 Application of Chapter to Trusts and Estates. - New Hampshire Statutes

      (a) The effective date of this chapter shall be January 1, 2007.
      (b) Except as otherwise provided in this chapter, on the effective date of this chapter, the chapter shall apply:
         (1) to every inter vivos trust created on or after the effective date of this chapter except as otherwise expressly provided in the terms of the trust or in this chapter;
         (2) to any inter vivos trust created before the effective date of this chapter upon the election of the trustee to apply this chapter made in writing and delivered to the beneficiaries then entitled to receive income and principal from the trust;
         (3) to any estate or testamentary trust of a decedent who dies on or after the effective date of this chapter; and
         (4) to any other estate or testamentary trust upon the approval by a court of competent jurisdiction, upon either (A) a petition filed by an interested person or (B) the court on its own motion.
      (c) Nothing in this section imposes a duty on the trustee or any other fiduciary to make an election under this section, and the trustee or any other fiduciary is not liable for failing to make an election under this section.
      (d) Nothing in this chapter shall be construed to affect or change the form of accounting required under the rules of the probate court.

Source. 2006, 320:68, eff. Aug. 19, 2006. 2008, 374:24, eff. Sept. 9, 2008.