As used in this chapter, unless the context requires a different meaning: “Accounting period” means a calendar year, unless a fiduciary selects another period of 12 calendar months or approximately 12 calendar months. “Accounting period” includes a part of a calendar year or another period of 12 calendar months or approximately 12 calendar months that […]
Except as otherwise provided in the terms of the trust or this chapter, this chapter applies to: 1. A trust or estate; and 2. A life estate or other term interest in which the interest of one or more persons will be succeeded by the interest of one or more other persons. 2022, c. 354.
Except as otherwise provided in the terms of a trust or this chapter, this chapter applies when the Commonwealth is the principal place of administration of a trust or estate or the situs of property that is not held in a trust or estate and is subject to a life estate or other term interest […]
