Pennsylvania · Through 2026-03-18 (Statute Update stamp, 20 Pa.C.S.)

20 Pa.C.S. § 7503: Application of chapter.

(a) General rule.--This chapter shall apply to:
(1) Any trust created under a governing instrument executed on or after March 21, 1999, unless the governing instrument expressly provides that this chapter does not apply.
(2) Any trust created under a governing instrument executed before March 21, 1999, unless all interested parties affirmatively elect on or before December 21, 2001, by a written declaration signed by or on behalf of each interested party and delivered to the trustee, not to be subject to the application of this chapter. In the case of a testamentary trust, the declarations shall be filed with the register in the county in which the will was admitted to probate.
(b) Exclusion.--This chapter shall not apply to:
(1) Any trust during the time that the trust is revocable or amendable by its settlor.
(2) A spouse of a decedent or settlor where the spouse is the trustee of a testamentary or inter vivos trust for which a marital deduction has been allowed.
(3) (Deleted by amendment).
(4) A trust under a governing instrument that by specific reference expressly rejects the application of this chapter.
(5) (Deleted by amendment).

Where this section sits in the code

Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
CHAPTER 75 LIMITATIONS ON EXERCISE OF TRUSTEE POWERS AND POWERS OF BENEFICIARIES TO APPOINT TRUSTEES

(a) General rule.--This chapter shall apply to:

(1) Any trust created under a governing instrument executed on or after March 21, 1999, unless the governing instrument expressly provides that this chapter does not apply.

(2) Any trust created under a governing instrument executed before March 21, 1999, unless all interested parties affirmatively elect on or before December 21, 2001, by a written declaration signed by or on behalf of each interested party and delivered to the trustee, not to be subject to the application of this chapter. In the case of a testamentary trust, the declarations shall be filed with the register in the county in which the will was admitted to probate.

(b) Exclusion.--This chapter shall not apply to:

(1) Any trust during the time that the trust is revocable or amendable by its settlor.

(2) A spouse of a decedent or settlor where the spouse is the trustee of a testamentary or inter vivos trust for which a marital deduction has been allowed.

(3) (Deleted by amendment).

(4) A trust under a governing instrument that by specific reference expressly rejects the application of this chapter.

(5) (Deleted by amendment).

Collected 2026-09-02T16:31:33Z. Source file · JSON

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