Delaware Law
Title 12 Decedents' Estates and Fiduciary Relations


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Delaware Laws | Title 12 Decedents' Estates and Fiduciary Relations

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TITLE 12 Decedents' Estates and Fiduciary Relations

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CHAPTER 1. DEFINITIONS

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Sec. 101. Definitions.

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TITLE 12 Decedents' Estates and Fiduciary Relations Wills

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CHAPTER 2. GENERAL PROVISIONS

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Subchapter I. Tenets and Principles

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Sec. 201. Who may make a will.

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Sec. 202. Requisites and execution of will.

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Sec. 203. Witnesses; persons competent.

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Sec. 204. Devise of real estate generally.

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Sec. 205. Devise of real estate without limitation.

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Sec. 206. After-acquired real estate.

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Sec. 207. Power of sale of executor or trustee; liability of purchaser.

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Sec. 208. Revocation of wills generally.

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Sec. 209. Revocation by divorce; no revocation by other changes or circumstances.

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Sec. 210. Alteration, theft or destruction of will; class E felony.

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Sec. 211. Testamentary additions to trusts.

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Sec. 212. Bequest of tangible personal property by separate writing.

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Sec. 213. Rules for construction or interpretation of will or trust.

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Sec. 214. Devolution of property; administration of decedents' estates.

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Subchapter II. Delaware Uniform International Wills Act

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Sec. 251. Definitions.

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Sec. 252. International will; validity.

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Sec. 253. International will; requirements.

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Sec. 254. International wills; other points of form.

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Sec. 255. International will; certificate.

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Sec. 256. International will; effect of certificate.

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Sec. 257. International will; revocation.

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Sec. 258. Source and construction.

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Sec. 259. Persons authorized to act in relation to international will; eligibility; recognition by authorizing agency.

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Subchapter III. Disposition of a Person's Last Remains

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Sec. 260. Definitions.

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Sec. 261. Limitations.

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Sec. 262. Declaration of Disposition of Last Remains.

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Sec. 263. Reliance upon Declaration instruments.

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Sec. 264. Right to dispose of remains.

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Sec. 265. Declaration of Disposition of Last Remains; form.

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Sec. 266. Declaration; other points of form.

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Sec. 267. Declaration; revocation generally.

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Sec. 268. Declaration; revocation by divorce.

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Sec. 269. Declaration; revocation of designee.

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Sec. 270. Interstate effect of declaration.

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TITLE 12 Decedents' Estates and Fiduciary Relations Wills

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CHAPTER 3. AFTER-BORN CHILDREN; MARRIAGE AFTER WILL

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Subchapter I. After-Born Children

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Sec. 301. Shares of after-born children.

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Sec. 302. Raising share of after-born child.

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Sec. 303. Appraisal and assignment of intestate real estate; appointment and duties of freeholders.

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Sec. 304. Oath of freeholders and surveyor; action by majority.

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Sec. 305. Vacancies among freeholders.

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Sec. 306. Return of freeholders; conclusiveness.

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Sec. 307. Contribution from devisees or legatees.

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Sec. 308. Disposition of residue of intestate real or personal estate.

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Sec. 309. Application of intestacy laws to lands allotted after-born children.

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Sec. 310. Posthumous children.

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Subchapter II. Marriage After Will

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Sec. 321. Share of surviving spouse.

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Sec. 322. Assignment of share to surviving spouse.

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Sec. 323. Revocation of will by subsequent marriage.

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CHAPTER 5. INTESTATE SUCCESSION

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Sec. 501. Intestate estate.

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Sec. 502. Share of spouse.

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Sec. 503. Share of heirs other than surviving spouse.

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Sec. 504. Requirement that heir survive decedent for 120 hours.

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Sec. 505. Posthumous children.

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Sec. 506. Kindred of half blood.

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Sec. 507. Alienage.

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Sec. 508. Meaning of child and related terms.

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Sec. 509. Advancements.

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Sec. 510. Debts owed to decedent.

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Sec. 511. Dower and curtesy abolished.

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Sec. 512. [Reserved.]

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CHAPTER 6. DISCLAIMER

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Sec. 601. Short title.

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Sec. 602. Definitions.

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Sec. 603. Scope; property subject to disclaimer.

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Sec. 604. Chapter supplemented by other law; chapter not exclusive.

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Sec. 605. Power to disclaim; requisites and execution; when irrevocable.

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Sec. 606. Disclaimer of interest in property.

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Sec. 607. Disclaimer of rights of survivorship in jointly held property.

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Sec. 608. Disclaimer of interest by trustee.

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Sec. 609. Disclaimer of power held in fiduciary capacity.

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Sec. 610. Disclaimer of power of appointment or other power not held in fiduciary capacity.

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Sec. 611. Disclaimer by appointee, permissible appointee, or taker in default of exercise of power of appointment.

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Sec. 612. Delivery and recording requirements.

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Sec. 613. Disclaimers affecting real property.

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Sec. 614. When disclaimer barred or limited.

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Sec. 615. Tax qualified disclaimer.

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Sec. 616. Application to existing and expired relationships.

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Sec. 617. Severability clause.

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CHAPTER 7. SIMULTANEOUS DEATH

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Sec. 701. Insufficient evidence of survivorship.

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Sec. 702. Beneficiaries of another person's disposition of property.

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Sec. 703. Joint tenants or tenants by the entirety.

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Sec. 704. Insurance policies.

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Sec. 705. Retroactive effect of chapter.

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Sec. 706. Application of chapter.

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Sec. 707. Uniformity of interpretation.

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CHAPTER 8. UNIFORM TOD SECURITY REGISTRATION ACT

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Sec. 801. Definitions.

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Sec. 802. Registration in beneficiary form; sole or joint tenancy ownership.

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Sec. 803. Registration in beneficiary form; applicable law.

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Sec. 804. Origination of registration in beneficiary form.

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Sec. 805. Form of registration in beneficiary form.

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Sec. 806. Effect of registration in beneficiary form.

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Sec. 807. Ownership on death of owner.

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Sec. 808. Protection of registering entity.

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Sec. 809. Nontestamentary transfer on death.

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Sec. 810. Terms, conditions, and forms for registration.

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Sec. 811. Short title.

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Sec. 812. Application of chapter.

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CHAPTER 9. ELECTIVE SHARE

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Sec. 901. Right to elective share.

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Sec. 902. Elective estate defined.

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Sec. 903. Transfers to surviving spouse by decedent.

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Sec. 904. Right of election personal to surviving spouse.

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Sec. 905. Waiver of right to elect and of other rights.

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Sec. 906. Proceeding for elective share; time limit.

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Sec. 907. Effect of election on benefits derived from decedent.

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Sec. 908. Liability for elective share.

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TITLE 12 Decedents' Estates and Fiduciary Relations Descent and Distribution; Escheat

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CHAPTER 11. ESCHEATS

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Subchapter I. Intestate Property

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Sec. 1101. Escheat of estates.

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Sec. 1102. Escheator of the State.

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Sec. 1103. Suit to determine escheat.

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Sec. 1104. Final hearing and order.

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Sec. 1105. Presumption of death.

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Sec. 1106. Seizure of escheated personalty.

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Sec. 1107. Sale of seized property by sheriff.

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Sec. 1108. Return of writ of seizure.

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Sec. 1109. Lease, retention or sale of real property.

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Sec. 1110. Conveyance of realty to purchaser after sale.

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Sec. 1111. Nature of title of purchaser of realty.

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Sec. 1112. Proceeds of sale.

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Sec. 1113. Claims to proceeds of sale.

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Sec. 1114. Recovery of credits or property of the intestate not included in the Court's initial escheat order.

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Sec. 1115. Expenses of Escheator.

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Sec. 1116. Conveyance of certain escheated real property previously owned by a religious body.

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Subchapter II. Abandoned or Unclaimed Property

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Sec. 1130. Definitions.

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Sec. 1131. Deposit to General Fund.

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Sec. 1132. [Reserved.]

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Sec. 1140. Statutes of limitations not a bar.

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Sec. 1141. Escheator to maintain public record.

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Sec. 1142. Publication of abandoned property by State Escheator.

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Sec. 1143. Sale of personal property by State Escheator.

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Sec. 1144. Assumption of liability by the State; return of property erroneously paid to the State Escheator.

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Sec. 1145. Interest not to run after report of abandoned property.

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Sec. 1146. Claims for abandoned property paid to the State; procedure for determination of claims; appeals.

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Sec. 1147. Payment by State Escheator.

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Sec. 1148. Verification.

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Sec. 1149. Payment for publication.

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Sec. 1150. Designation of newspapers.

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Sec. 1151. Waiver of publication.

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Sec. 1152. Penalties and interest.

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Sec. 1153. Penalty for false oath.

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Sec. 1154. State Escheator to make regulations.

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Sec. 1155. Examination of records.

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Sec. 1156. Internal Review Procedure; Court of Chancery -- Jurisdiction.

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Sec. 1157. Presumption of abandonment of personal property held by federal government.

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Sec. 1158. Limitations.

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Sec. 1159. Penalties.

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Sec. 1160. Abandoned property defined.

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Sec. 1161. Publication of list of abandoned property.

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Sec. 1162. Payment of abandoned property; presumption as to last known address.

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Sec. 1163. Report to accompany payment.

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Sec. 1170. Abandoned property defined.

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Sec. 1171. Annual report of abandoned property.

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Sec. 1172. Publication of list of abandoned property.

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Sec. 1173. Payment of abandoned property.

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Sec. 1174. Abandoned property held by the State Bank Commissioner after receivership.

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Sec. 1175. Payment of abandoned property after receivership.

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Sec. 1176. Reimbursement for instruments paid.

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Subchapter III. Unclaimed Life Insurance Funds

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Sec. 1180. Scope.

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Sec. 1181. Definitions.

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Sec. 1182. Annual report of unclaimed funds.

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Sec. 1183. Publication of list of unclaimed funds.

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Sec. 1184. Payment for publication.

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Sec. 1185. Payment to State Escheator.

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Sec. 1186. Custody of unclaimed funds in State; insurers indemnified.

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Sec. 1187. Reimbursement for claims paid by insurers.

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Sec. 1188. Determination and review of claims.

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Sec. 1189. Payment of allowed claims.

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Sec. 1190. Records required.

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Sec. 1191. Other acts not applicable.

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Sec. 1192. Penalties and interest.

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Sec. 1193. Penalty for false oath.

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Sec. 1194. Effect of failure to report.

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Subchapter IV. Other Unclaimed Property

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Sec. 1197. Other property escheated.

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Sec. 1198. Definitions.

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Sec. 1199. Report by holders of abandoned property.

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Sec. 1200. [Reserved.]

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Sec. 1201. Payment or delivery of abandoned property.

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Sec. 1202. Periods of limitation not a bar.

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Sec. 1203. Effect of payment and delivery.

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Sec. 1204. Sale of abandoned property.

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Sec. 1205. Deposit and disbursement of funds.

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Sec. 1206. Claims for abandoned property paid or delivered; determination of claims; appeals.

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Sec. 1207. Penalties and interest.

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Sec. 1208. Rules and regulations.

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Sec. 1209. [Reserved.]

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Sec. 1210. No private escheats.

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Sec. 1211. Limited exception, uninvoiced payables not reportable.

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Sec. 1212. No private escheat of gift certificates.

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Subchapter V. Escheat of Postal Savings System Accounts

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Sec. 1220. Declaration of escheat.

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Sec. 1221. Obtaining information on accounts.

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Sec. 1222. Proceeding to adjudicate escheat.

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Sec. 1223. Notice.

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Sec. 1224. Collection and deposit of funds; indemnification of United States.

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CHAPTER 13. GENERAL PROVISIONS

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Sec. 1301. Production of will; liability.

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Sec. 1302. Proving will.

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Sec. 1303. Notice and subpoena to persons interested.

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Sec. 1304. Unavailability of witnesses.

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Sec. 1305. Self-proved will.

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Sec. 1306. Choice of law as to execution of wills.

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Sec. 1307. Will of nondomiciliary; admission, recording and evidence.

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Sec. 1308. Caveat against allowance of instrument as will; procedure.

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Sec. 1309. Review of proof of will; procedure.

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Sec. 1310. Formal testacy proceedings; contested cases; testimony of attesting witnesses.

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TITLE 12 Decedents' Estates and Fiduciary Relations Administration of Decedents' Estates

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CHAPTER 15. LETTERS TESTAMENTARY AND LETTERS OF ADMINISTRATION

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Subchapter I. General Provisions

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Sec. 1501. Necessity for letters testamentary or of administration.

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Sec. 1502. Grant of letters testamentary.

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Sec. 1503. Grant of letters to one under an incapacity.

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Sec. 1504. Grant of letters of administration.

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Sec. 1505. Persons entitled to letters of administration.

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Sec. 1506. Power of attorney by nondomiciliary executor or administrator.

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Sec. 1507. Successor administrator; personal representative of executor or administrator; administration during pendency of litigation.

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Sec. 1508. Persons not qualified to receive letters testamentary or of administration.

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Sec. 1509. Oath of executor or administrator.

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Sec. 1510. Personal representatives of deceased guardians.

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Subchapter II. Bond

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Sec. 1521. Requirement.

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Sec. 1522. Exception to bond requirement.

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Sec. 1523. Amount; security; execution; excusing requirement.

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Sec. 1524. Demand that representative be bonded.

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Sec. 1525. Conditions.

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Sec. 1526. Objection to amount or condition.

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Sec. 1527. Liability for estate taxes and duties related thereto.

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Sec. 1528. Certificate of approval; preservation.

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Subchapter III. Death, Removal or Discharge of Executor or Administrator'

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Sec. 1541. Removal for neglect of duties.

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Sec. 1542. Removal of executor or administrator upon subsequent probate of will.

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Sec. 1543. Rights of coexecutor, coadministrator or successor upon death or removal.

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Sec. 1544. Commissions; allowance and apportionment.

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Sec. 1545. Validity of acts of removed or deceased executor or administrator.

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Sec. 1546. Refusal to deliver unadministered assets.

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Sec. 1547. Discharge of executor or administrator upon petition; procedure; appeal.

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Subchapter IV. Life Interest in Personalty Where Will Appoints No Trustee to Administer

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Sec. 1551. Appointment of trustee upon petition of executor or administrator; bond, duties and release of trustee.

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Sec. 1552. Receipt of trustee.

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Sec. 1553. Personalty in possession of life tenant; discharge of executor or administrator with will annexed; liability of life tenant.

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Subchapter V. Foreign Representatives

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Sec. 1561. Definitions.

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Sec. 1562. Payment of debt and delivery of property to domiciliary foreign personal representative without local administration.

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Sec. 1563. Payment or delivery discharges.

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Sec. 1564. Resident creditor notice.

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Sec. 1565. Proof of authority and bond.

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Sec. 1566. Powers.

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Sec. 1567. Power of representatives in transition.

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Sec. 1568. Ancillary and other local administrations; provisions governing.

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Sec. 1569. Jurisdiction by act of foreign personal representative.

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Sec. 1570. Jurisdiction by act of decedent.

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Sec. 1571. Service on foreign personal representative.

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Sec. 1572. Effect of adjudication for or against personal representative.

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Sec. 1573. Authentication and recognition of acknowledge=-ments.

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CHAPTER 17. ABSENTEES; PRESUMED DECEDENTS

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Sec. 1701. Presumption of death.

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Sec. 1702. Petition for adjudication of presumed death; notice of hearing.

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Sec. 1703. Petition for ancillary letters on estate of nondomiciliary presumed decedent; notice of hearing.

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Sec. 1704. Hearing; competency of witnesses.

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Sec. 1705. Search for absentee.

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Sec. 1706. Decree of presumed death; admission of will to probate and grant of letters.

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Sec. 1707. Title to real estate of presumed decedent; recording of decree.

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Sec. 1708. Duties of executor or administrator.

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Sec. 1709. Security given by beneficiaries.

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Sec. 1710. Revocation of letters and vacation of decree of presumed death -- Effect generally.

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Sec. 1711. Revocation of letters and vacation of decree of presumed death -- Effect upon pending actions and upon judgments rendered.

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Sec. 1712. Probate of will produced after issuance of letters; effect upon prior administration.

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Sec. 1713. Costs.

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CHAPTER 19. ASSETS OF ESTATES; INVENTORY AND APPRAISAL

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Sec. 1901. Personal property constituting assets of estate; exceptions; employee death benefit plans and insurance policies.

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Sec. 1902. Rents and profits of deceased's real estate as estate assets; possession and repair of real estate.

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Sec. 1903. Growing crops.

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Sec. 1904. Appraisers; appointment.

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Sec. 1905. Inventory and appraisal; filing requirements, form, contents and supporting affidavits; notice of action affecting title.

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Sec. 1906. Failure to file inventory; civil and criminal penalties.

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Sec. 1907. Refusal of a coexecutor or coadministrator to file inventory.

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Sec. 1908. Affidavit of diligent inquiry.

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Sec. 1909. Executor's debt to decedent.

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Sec. 1910. Additional inventory; after discovered assets.

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Sec. 1911. Power of Court to suppress, reject and order another inventory or list.

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Sec. 1912. Recording inventory and notation of inheritance tax status in Inheritance and Succession Docket.

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CHAPTER 21. DEBTS OF AND CLAIMS AGAINST ESTATE

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Sec. 2101. Notice to creditors to present claims; publication.

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Sec. 2102. Limitations on claims against estate.

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Sec. 2103. Debts of which notice is presumed.

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Sec. 2104. Manner of presentation of claims.

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Sec. 2105. Order of preference of claims against estate.

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Sec. 2106. Petition to Court of Chancery to determine order of preference.

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Sec. 2107. Payment of claims after 3 months without notice of claim of higher priority.

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Sec. 2108. [Reserved.]

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Sec. 2109. Barring of claims against estates when no letters have been granted within 10 years from death.

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TITLE 12 Decedents' Estates and Fiduciary Relations Administration of Decedents' Estates

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CHAPTER 23. ACCOUNTING AND DISTRIBUTION

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Sec. 2301. Rendering of accounts; extension of time; appeal; authority of Register of Wills and Court of Chancery.

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Sec. 2302. Notice of filing of account; waiver; exceptions.

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Sec. 2303. Recording of account; fees; evidence.

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Sec. 2304. Estate tax returns or affidavits [Effective until July 1, 2013]

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Sec. 2304. Estate tax returns or affidavits [Effective July 1, 2013]

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Sec. 2305. Allowance of commissions and attorneys' fees.

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Sec. 2306. Distribution of decedent's property without grant of letters where estate assets do not exceed $30,000.

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Sec. 2307. Effect of distribution without letters.

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Sec. 2308. Surviving spouse's allowance.

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Sec. 2309. Recordation of death certificates.

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Subchapter II. Payment of Legacies or Distributive Shares

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Sec. 2311. Time for settling estate; accounting for interest or earnings pending settlement.

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Sec. 2312. Payment of legacies; refusal to pay or deliver; bond; interest.

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Sec. 2313. Anti-lapse; deceased devisee; class gifts.

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Sec. 2313A. Failure of share of residuary.

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Sec. 2314. Legacy to creditor of testator.

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Sec. 2315. Payment of legacies or distributive shares to minors or persons absent from the State.

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Sec. 2316. Payment of legacy, distributive share or trust fund where person entitled is out of State, unknown, etc.; proceedings.

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Sec. 2317. Abatement.

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Sec. 2318. Proportional contribution of legatees.

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Sec. 2319. Transfer of investments or other property to guardian or trustee in payment of specific legacy or distributive share; receipt.

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Sec. 2320. Release, acquittance or receipt to executor or administrator; form, execution, recording and evidence.

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Sec. 2321. Distributions by fiduciaries in satisfaction of pecuniary bequests.

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Sec. 2322. Effect of manslaughter or murder on intestate succession, wills, joint assets, life insurance and beneficiary designations.

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Subchapter III. Decree of Distribution

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Sec. 2331. Jurisdiction of Court of Chancery.

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Sec. 2332. Petition for decree of distribution; notice required by Constitution.

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Sec. 2333. Order fixing hearing date and providing for notice.

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Sec. 2334. Hearing and evidence.

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Sec. 2335. Decree of distribution; reservation for contingent liabilities.

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Sec. 2336. Distribution of assets in kind.

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Sec. 2337. Appointment of master; exceptions to master's report.

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Sec. 2338. Finality of decree; appeal to Supreme Court; record on appeal.

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Sec. 2339. Rule-making power of Court of Chancery.

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Subchapter IV. Nondomiciliary Decedents' Estates

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Sec. 2351. Definitions.

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Sec. 2352. Proof of payment of domiciliary death taxes.

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Sec. 2353. Notice to domiciliary state.

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Sec. 2354. Accounting and decree of Court of Chancery upon petition of domiciliary state.

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Sec. 2355. Prerequisites of approval of final account.

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Sec. 2356. Applicability of subchapter.

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Sec. 2357. Construction of subchapter.

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CHAPTER 25. REGISTER OF WILLS

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Sec. 2501. Register of Wills is a Clerk of Court of Chancery.

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Sec. 2502. Powers.

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Sec. 2503. Commission to take deposition.

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Sec. 2504. Compensation.

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Sec. 2505. Bond.

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Sec. 2506. Deputy register -- Powers; recording appointment.

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Sec. 2507. Deputy Register -- Chief deputy; employment of deputies and clerks.

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Sec. 2508. Report of real estate transfers to Board of Assessment.

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Sec. 2509. Delivery of records; photocopies; evidence.

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Sec. 2510. Fees.

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Sec. 2511. Posting of fee list.

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Sec. 2512. Refusal to pay fees; penalty.

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Sec. 2513. Deposit of original wills with Register in New Castle County.

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CHAPTER 27. SALE OF LANDS BY EXECUTORS AND ADMINISTRATORS

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Sec. 2701. Petition for sale of realty to pay decedent's debts; notice.

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Sec. 2702. Application by creditor to compel sale of realty; procedure.

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Sec. 2703. Proof in action to compel sale of realty.

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Sec. 2704. Order of sale; realty to be sold.

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Sec. 2705. Partition no bar to sale.

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Sec. 2706. Manner of sale; notice and adjournment in case of public auction.

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Sec. 2707. Effect of contribution in advance of sale to payment of debts; contribution to equalize burden after sale.

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Sec. 2708. Return of sale; deed.

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Sec. 2709. Title of purchaser.

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Sec. 2710. Application of proceeds of sale; order of payment of debts.

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Sec. 2711. Disposition of surplus after paying debts.

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Sec. 2712. Order for disposition of surplus.

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Sec. 2713. Bond to be given by executor or administrator before executing order of sale.

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Sec. 2714. Purchase money payable to a successor administrator.

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Sec. 2715. Refund of purchase money when sale not returned or not approved.

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Sec. 2716. Charges of sale; taxing and payment.

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Sec. 2717. Power to refuse order for sale or to approve a sale.

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Sec. 2718. Appeal to Supreme Court.

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Sec. 2719. Power of sale in will; execution; liability of purchaser for application of purchase money.

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CHAPTER 29. APPORTIONMENT OF ESTATE TAXES

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Sec. 2901. Proration of state and federal estate taxes; method.

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Sec. 2902. Duty of executor, administrator or other fiduciary to pay tax before distribution.

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Sec. 2903. Recovery of proportionate tax from persons receiving taxable property which did not come into possession of executor or administrator; jurisdiction of Court of Chancery.

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Sec. 2904. Executor's or administrator's obligation to distribute property before person entitled has paid pro rata tax or furnished security.

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Sec. 2905. Jurisdiction of and proceedings in the Court of Chancery; petition, order, parties, hearings; appointment of guardians.

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Sec. 2906. Limitation on application of chapter.

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TITLE 12 Decedents' Estates and Fiduciary Relations Administration of Decedents' Estates

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CHAPTER 31. SUITS AGAINST EXECUTORS AND ADMINISTRATORS

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Subchapter I. Suit for Legacy or Distributive Share

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Sec. 3101. Action at law.

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Sec. 3102. Action by infant legatee.

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Sec. 3103. Appointment of auditors; duties.

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Sec. 3104. Exceptions to auditors' report.

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Sec. 3105. Judgment and execution.

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Sec. 3106. Costs; liability of personal representative therefor.

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Sec. 3107. Security to refund legacy.

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Subchapter II. General

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Sec. 3121. Consequences of instituting suit without presenting claim.

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Sec. 3122. Process; default judgment and proceedings thereon.

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Sec. 3123. Effect of judgment against executor or administrator.

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Sec. 3124. Costs; allowance in account.

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Sec. 3125. Suit for specific performance of decedent's contract for sale of real estate; proof and recording of contract; effect of deed.

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CHAPTER 33. ADMINISTRATIVE PROVISIONS

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Sec. 3301. Application of chapter; definitions.

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Sec. 3302. Degree of care; authorized investments.

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Sec. 3303. Effect of provisions of instrument.

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Sec. 3304. Retention by fiduciary of decedent's or settlor's investments.

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Sec. 3305. Retention by bank or trust company acting as a fiduciary of its own stock.

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Sec. 3306. Deviation from terms of instrument.

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Sec. 3307. Common fund investments by bank or trust company; regulations.

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Sec. 3308. Power of bank or trust company acting as a fiduciary to purchase property held by its commercial or banking department.

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Sec. 3309. Identification of securities.

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Sec. 3310. Storage of securities.

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Sec. 3311. Deposit of securities in clearing corporation.

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Sec. 3312. Investments in affiliated investments; transactions with affiliates.

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Sec. 3313. Advisers.

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Sec. 3314. Limitation on certain fiduciary powers.

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Sec. 3315. Trustee's exercise of discretion; review by court; discretionary interests.

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Sec. 3316. Substituted property; equivalent value; fiduciary duty.

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Sec. 3317. Co-fiduciaries; duty to keep informed.

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Sec.Sec. 3318-3320. [Reserved.]

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Sec. 3321. Applicability of chapter; definitions.

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Sec. 3322. Fiduciary agency contracts; delegation.

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Sec. 3323. Cofiduciaries.

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Sec. 3324. General powers of trustee.

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Sec. 3325. Specific powers of trustee.

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Sec. 3326. Resignation of trustee.

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Sec. 3327. Removal of trustee.

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Sec. 3328. Limitation on personal liability of fiduciary.

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Sec. 3329. Effect of no-contest provision.

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Sec. 3330. Effect of survivorship requirement.

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Sec. 3331. Preference for early vesting.

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Sec. 3332. Governing law; change of situs.

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Sec. 3333. Retention of counsel by fiduciary.

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Sec. 3334. Contributions to revocable trusts.

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Sec. 3335. Effect of formula clauses in certain wills and trusts.

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CHAPTER 34. ADMINISTRATIVE PROVISIONS

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Sec.Sec. 3401-3411. Applicability of chapter; definitions; fiduciary agency contracts; cofiduciaries; general powers of trustee; specific powers of trustee; resignation of trustee; removal of trustee; limitation on personal liability of fiduciary; effect of no-contest provision; effect of survivorship requirement; preference for early vesting.

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TITLE 12 Decedents' Estates and Fiduciary Relations Fiduciary Relations

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CHAPTER 35. TRUSTS

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Subchapter I. Appointment of Trustee by Court; Title of Appointee to Trust Property

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Sec. 3501. Appointment authorized; effect of execution of power by appointee.

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Sec. 3502. Procedure for appointment of trustee.

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Sec. 3503. Appointment of trustee to convey realty; effect of conveyance by appointee.

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Sec. 3504. Appointment of trustee to assign term of years; effect of assignment by appointee.

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Sec. 3505. Appointment of trustee to transfer stock or collect and pay over dividends; effect of appointee's acts.

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Sec. 3506. Appointment of trustee to convey, assign or transfer trust property from discharged or removed trustee to successor.

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Sec. 3507. Order of appointment.

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Sec. 3508. Appointment of fiduciary to receive benefits payable by the United States.

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Sec. 3509. Vesting of title to trust property in successor trustee.

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Sec. 3510. Vesting of title to trust realty in successor trustee appointed pursuant to trust instrument; deed of appointment.

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Subchapter II. Accounting and Distribution of Trust Funds

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Sec. 3521. Trustees' accounts; filing; contents; approval.

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Sec. 3522. Waiver of filing of accounts in will.

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Sec. 3523. Trustees' accounts in wills probated prior to April 5, 1909.

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Sec. 3524. [Reserved.]

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Sec. 3525. Interest in lieu of other income on testamentary trusts pending payment or delivery to trustee of trust corpus.

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Sec. 3526. [Reserved.]

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Sec. 3528. Trustee's authority to invade principal in trust.

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Subchapter III. General Provisions

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Sec. 3531. Renunciation by trustee named in trust instrument; filing and recording.

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Sec. 3532. Transfer of stocks, bonds or other corporate securities by trustee; certificate of Register in Chancery.

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Sec. 3533. Sale of trust property free from trust; procedure.

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Sec. 3534. [Reserved.]

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Sec. 3535. Powers of appointment, rule against perpetuities and restraints on alienation.

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Sec. 3536. Rights of creditors and assignees of beneficiary of trust.

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Sec. 3537. Conveyance of realty by infant trustee.

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Sec. 3538. Testamentary trusts; certification of by Register of Wills to Register in Chancery; record.

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Sec. 3539. Charitable trust; sale of timber on lands; application of proceeds.

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Sec. 3540. Powers and duties of certain trustees.

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Sec. 3541. Administration of charitable trusts or noncharitable purpose trusts; cy pres rule.

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Sec. 3542. Termination of small trusts.

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Sec. 3543. Distribution of estate or trust assets without creation of trust.

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Sec. 3544. Successor trustee.

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Sec. 3545. Limitations on oral trusts; execution requirements for written trusts.

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Sec. 3546. Limitation on action contesting validity of trusts.

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Sec. 3547. Representation by person with a substantially identical interest.

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Sec. 3548. Limited purpose trust companies; general powers of appointment.

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Sec. 3549. Marital deduction gift; compliance with Internal Revenue Code; fiduciary powers.

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Subchapter IV. Trusts for Cemeteries and Other Noncharitable Purposes

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Sec. 3551. Burial lots; perpetuities.

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Sec. 3552. Powers of cemetery corporation as to trust funds.

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Sec. 3553. Sale of real estate and proceeds.

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Sec. 3554. Perpetual care burial lots.

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Sec. 3555. Trust for care of an animal.

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Sec. 3556. Trust for other noncharitable purposes.

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Subchapter V. Compensation of Trustees

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Sec. 3560. Trustees entitled to compensation in accordance with instrument.

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Sec. 3561. Reasonable compensation when trust instrument does not determine.

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Sec. 3562. Judicial review of trustees' allowances.

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Subchapter VI. Qualified Dispositions in Trust

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Sec. 3570. Definitions.

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Sec. 3571. Retained interests of transferor.

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Sec. 3572. Avoidance of qualified dispositions.

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Sec. 3573. Limitations on qualified dispositions.

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Sec. 3574. Effect of avoidance of qualified dispositions.

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Sec. 3575. Application of subchapter.

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Sec. 3576. Short title.

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Subchapter VII. Liability of Trustees and Rights of Persons Dealing With Trustee

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Sec. 3580. Definition.

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Sec. 3581. Breach of trust; equitable remedies.

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Sec. 3582. Damages against trustee for breach of trust.

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Sec. 3583. Liability of trustee in absence of breach.

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Sec. 3584. Attorneys' fees and costs.

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Sec. 3585. Limitation of action against trustee following trustee's report.

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Sec. 3586. Reliance on trust instrument.

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Sec. 3587. Events affecting administration or distribution.

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Sec. 3588. Beneficiary's consent, release, or ratification.

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Sec. 3589. Limitation on personal liability of trustee.

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Sec. 3590. Protection of person dealing with trustee.

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Sec. 3591. Certification of trust.

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Sec. 3592. Failure of trust to dispose of all assets.

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Sec. 3593. Interest on pecuniary gifts in trust.

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Sec. 3594. Legacy to creditor of trustor.

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Sec. 3595. Abatement of gifts in trust.

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TITLE 12 Decedents' Estates and Fiduciary Relations Fiduciary Relations

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CHAPTER 38. TREATMENT OF DELAWARE STATUTORY TRUSTS

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Subchapter I. Domestic Statutory Trusts

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Sec. 3801. Definitions.

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Sec. 3802. Contributions by beneficial owners.

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Sec. 3803. Liability of beneficial owners and trustees.

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Sec. 3804. Legal proceedings.

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Sec. 3805. Rights of beneficial owners and trustees in trust property.

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Sec. 3806. Management of statutory trust.

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Sec. 3807. Trustee in State.

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Sec. 3808. Existence of statutory trust.

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Sec. 3809. Applicability of trust law.

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Sec. 3810. Certificate of trust; amendment; restatement; cancellation.

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Sec. 3811. Execution of certificate.

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Sec. 3812. Filing of certificate.

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Sec. 3813. Fees.

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Sec. 3814. Use of names regulated.

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Sec. 3815. Merger and consolidation.

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Sec. 3816. Derivative actions.

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Sec. 3817. Indemnification.

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Sec. 3818. Treasury interests.

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Sec. 3819. Access to and confidentiality of information; records.

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Sec. 3820. Conversion of other business entities to a statutory trust.

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Sec. 3821. Conversion of a statutory trust.

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Sec. 3822. Domestication of non-United States entities.

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Sec. 3823. Transfer or continuance of domestic statutory trusts.

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Sec. 3824. Reserved power of State to amend or repeal chapter.

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Sec. 3825. Construction and application of chapter and governing instrument.

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Sec. 3826. Short title.

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Subchapter II. Foreign Statutory Trusts

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Sec. 3851. Law governing.

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Sec. 3852. Registration required; application.

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Sec. 3853. Issuance of registration.

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Sec. 3854. Name; registered office; registered agent.

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Sec. 3855. Amendments to application.

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Sec. 3856. Cancellation of registration.

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Sec. 3857. Doing business without registration.

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Sec. 3858. Foreign statutory trusts doing business without having qualified; injunctions.

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Sec. 3859. Execution -- liability.

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Sec. 3860. Service of process on registered foreign statutory trusts.

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Sec. 3861. Service of process on unregistered foreign statutory trusts.

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Sec. 3862. Fees.

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Sec. 3863. Activities not constituting doing business.

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TITLE 12 Decedents' Estates and Fiduciary Relations Fiduciary Relations

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CHAPTER 39. GUARDIANSHIP

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Subchapter I. Appointment, Bond and Tenure of Guardian

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Sec. 3901. Appointment of guardians for disabled persons.

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Sec. 3902. Appointment of guardian; choice by minor over 14 years of age; guardian ad litem.

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Sec. 3903. Separate guardian of the person and property.

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Sec. 3904. Foreign guardians of nonresidents.

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Sec. 3905. Guardian's bond; requirement; form and entry.

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Sec. 3906. Guardian's bond; additional security; removal for noncompliance.

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Sec. 3907. Counter security upon petition of surety.

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Sec. 3908. Removal, resignation or death of guardian.

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Sec. 3909. Term of guardianship.

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Sec. 3910. Receiver for property of minor; appointment, powers, accounting and bond.

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Subchapter II. Powers and Duties of Guardian

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Sec. 3921. Powers and duties of guardian; general.

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Sec. 3922. General powers and duties of the guardian of the person.

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Sec. 3923. Powers of the guardian of the property.

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Sec. 3924. Estoppel to dispute disabled person's right to property.

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Sec. 3925. Transfer by guardian of corporate securities.

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Sec. 3926. Exercise of rights belonging to a disabled person.

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Sec. 3927. Compensation of guardian of the property.

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Sec. 3928. .

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Subchapter III. Accounting and Settlement

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Sec. 3941. Guardian's duty to account.

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Sec. 3942. Filing, adjusting and settling guardian's accounts.

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Sec. 3943. Time of filing guardian's accounts.

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Sec. 3944. Failure to file account; extension of time for filing.

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Sec. 3945. Appeals from orders adjusting and settling guardian's accounts.

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Sec. 3946. Settlement with ward at termination of guardianship.

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Sec. 3947. Absence of disabled person from State; settlement of account.

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Subchapter IV. Sale of Disabled Person's Real Estate

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Sec. 3951. Sale of disabled person's real estate.

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Sec. 3952. Trustee's bond.

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Sec. 3953. Sale on credit; security for purchase price.

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Sec. 3954. Proceeds of sale; payment.

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Sec. 3955. Guardian's bond.

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Subchapter V. Investment by Court of Chancery of Fund of Minors

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Sec. 3971. Investment power of Court of Chancery; general requirements.

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Subchapter VI. Public Guardian

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Sec. 3991. Office established; appointment; term; salary; bond.

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Sec. 3992. Powers and duties.

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Sec. 3993. Allocation of costs.

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Sec. 3994. Court costs.

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Sec. 3995. Staff; budgeting and finance.

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Sec. 3996. Periodic review.

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Sec. 3997. Annual report.

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CHAPTER 39A. UNIFORM ADULT GUARDIANSHIP AND PROTECTIVE PROCEEDINGS JURISDICTION ACT

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Sec. 39A-101. Definitions.

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Sec. 39A-102. International application of Act.

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Sec. 39A-103. Communication between courts.

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Sec. 39A-104. Cooperation between courts.

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Sec. 39A-105. Taking testimony in another state.

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Sec. 39A-201. Jurisdiction.

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Sec. 39A-202. Special jurisdiction.

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Sec. 39A-203. Exclusive and continuing jurisdiction.

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Sec. 39A-204. Appropriate forum.

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Sec. 39A-205. Jurisdiction declined by reason of conduct.

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Sec. 39A-206. Notice of proceeding.

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Sec. 39A-207. Proceedings in more than 1 state.

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Sec. 39A-301. Transfer of guardianship or conservatorship to another state.

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Sec. 39A-302. Accepting guardianship or conservatorship transferred from another state.

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Sec. 39A-401. Foreign guardians.

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Sec. 39A-402. Effective date.

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CHAPTER 40. DELAWARE CAREPLAN TRUST ACT

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Sec. 4001. Definitions.

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Sec. 4002. Purpose, scope and organization.

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Sec. 4003. Administration; powers and duties.

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Sec. 4004. Eligibility for participation and services.

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Sec. 4005. Special requests on behalf of participant.

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Sec. 4006. Accountability.

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Sec. 4007. Withdrawal of a participant; surplus trust funds.

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Sec. 4008. Charitable contributions.

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Sec. 4009. Effect on participation in government programs.

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Sec. 4010. Exemption from creditors.

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Sec. 4011. Trust not subject to law against perpetuities, restraints on alienation.

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Sec. 4012. Short title.

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CHAPTER 41. CONSERVATOR OF PROPERTY FOR PERSONS REPORTED MISSING OR CAPTURED WHILE SERVING IN ARMED FORCES OR AS A MERCHANT SAILOR

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Sec. 4101. Appointment of conservator.

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Sec. 4102. Bond and powers of conservator.

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Sec. 4103. Termination of conservatorship.

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CHAPTER 43. UNIFORM ACT FOR SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS

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Sec. 4301. Definitions.

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Sec. 4302. Registration in the name of a fiduciary.

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Sec. 4303. Assignment by a fiduciary.

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Sec. 4304. Evidence of appointment or incumbency.

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Sec. 4305. Adverse claims.

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Sec. 4306. Nonliability of corporation and transfer agent.

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Sec. 4307. Nonliability of third persons.

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Sec. 4308. Territorial application.

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Sec. 4309. Tax obligations.

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Sec. 4310. Uniformity of interpretation.

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Sec. 4311. Short title.

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CHAPTER 45. DELAWARE UNIFORM TRANSFERS TO MINORS ACT

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Sec. 4501. Definitions.

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Sec. 4502. Scope and jurisdiction.

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Sec. 4503. Nomination of custodian.

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Sec. 4504. Transfer by gift or exercise of power of appointment.

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Sec. 4505. Transfer authorized by will or trust.

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Sec. 4506. Other transfer by fiduciary.

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Sec. 4507. Transfer by obligor.

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Sec. 4508. Receipt for custodial property.

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Sec. 4509. Manner of creating custodial property and effecting transfer; designation of initial custodian; control.

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Sec. 4510. Single custodianship.

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Sec. 4511. Validity and effect of transfer.

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Sec. 4512. Care of custodial property.

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Sec. 4513. Powers of custodian.

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Sec. 4514. Use of custodial property.

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Sec. 4515. Custodian's expenses, compensation and bond.

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Sec. 4516. Exemption of third person from liability.

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Sec. 4517. Liability to third persons.

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Sec. 4518. Renunciation, resignation, death or removal of custodian; designation of successor custodian.

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Sec. 4519. Accounting by and determination of liability of custodian.

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Sec. 4520. Termination of custodianship.

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Sec. 4521. Applicability.

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Sec. 4522. Effect on existing custodianships.

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Sec. 4523. Short title.

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CHAPTER 47. UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT

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Sec. 4701. Short title.

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Sec. 4702. Definitions.

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Sec. 4703. Standard of conduct in managing and investing institutional fund.

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Sec. 4704. Appropriation for expenditure or accumulation of endowment fund; rules of construction.

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Sec. 4705. Delegation of management and investment functions.

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Sec. 4706. Release or modification of restrictions on management, investment, or purpose.

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Sec. 4707. Reviewing compliance.

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Sec. 4708. Application to existing institutional funds.

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Sec. 4709. Relation to Electronic Signatures In Global and National Commerce Act.

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Sec. 4710. Applicability and construction.

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CHAPTER 49. DURABLE POWERS OF ATTORNEY

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Sec. 4901. Defined.

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Sec. 4902. Power not affected by disability.

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Sec. 4903. Relation of agent to court-appointed fiduciary.

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Sec. 4904. Death, disability or incapacity of principal.

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Sec. 4905. Exercise of power after revocation.

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Sec. 4906. Relation of this chapter to Chapter 49A of this title.

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TITLE 12 Decedents' Estates and Fiduciary Relations Fiduciary Relations

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CHAPTER 49A. DURABLE PERSONAL POWERS OF ATTORNEY ACT

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Sec. 49A-101. Short title.

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Sec. 49A-102. Definitions.

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Sec. 49A-103. Applicability.

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Sec. 49A-104. Power of attorney is durable.

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Sec. 49A-105. Execution of personal power of attorney [Effective Oct. 1, 2010]

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Sec. 49A-106. Execution of personal power of attorney.

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Sec. 49A-107. [Reserved.]

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Sec. 49A-108. Nomination of guardian of person or property; relation of agent to court-appointed fiduciary.

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Sec. 49A-109. When personal power of attorney effective.

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Sec. 49A-110. Termination of personal power of attorney or agent's authority.

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Sec. 49A-111. Concurrent agents, joint agents, and successor agents.

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Sec. 49A-112. Reimbursement and compensation of agent.

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Sec. 49A-113. Agent's acceptance.

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Sec. 49A-114. Agent's duties.

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Sec. 49A-115. Exoneration of agent.

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Sec. 49A-116. Judicial relief.

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Sec. 49A-117. [Reserved.]

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Sec. 49A-118. Agent's resignation; notice.

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Sec. 49A-119. Acceptance of and reliance upon acknowledged personal power of attorney.

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Sec. 49A-120. Liability for refusal to accept acknowledged personal power of attorney.

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Subchapter II. Authority

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Sec. 49A-201. Grant of general authority; authority that requires specific grant.

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Sec. 49A-202. Incorporation of authority.

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Sec. 49A-203. Construction of authority generally.

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Sec. 49A-204. Real property.

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Sec. 49A-205. Tangible personal property.

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Sec. 49A-206. Stocks and bonds.

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Sec. 49A-207. Commodities and options.

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Sec. 49A-208. Banks and other financial institutions.

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Sec. 49A-209. Operation of entity or business.

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Sec. 49A-210. Insurance and annuities.

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Sec. 49A-211. Estates, trusts, and other beneficial interests.

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Sec. 49A-212. Claims and litigation.

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Sec. 49A-213. Personal and family maintenance.

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Sec. 49A-214. Benefits from governmental programs or civil or military service.

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Sec. 49A-215. Retirement plans.

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Sec. 49A-216. Taxes.

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Sec. 49A-217. Gifts.

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Subchapter III. Statutory Forms

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Sec. 49A-301. Statutory form durable personal power of attorney; agent's certification

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TITLE 12 Decedents' Estates and Fiduciary Relations Allocation of Principal and Income

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CHAPTER 61. DELAWARE UNIFORM PRINCIPAL AND INCOME ACT

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Subchapter I. Definitions and General Principles

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Sec. 61-101. Short title.

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Sec. 61-102. Definitions.

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Sec. 61-103. Fiduciary duties; general principles.

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Sec. 61-104. Trustee's power to adjust.

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Sec. 61-105. Judicial control of discretionary power.

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Sec. 61-106. Total return unitrusts.

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Sec. 61-107. Express total return unitrusts.

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Subchapter II. Decedent's Estate or Terminating Income Interest

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Sec. 61-201. Determination and distribution of net income.

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Sec. 61-202. Distribution to residuary and remainder beneficiaries.

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Subchapter III. Apportionment at Beginning and End of Income Interest

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Sec. 61-301. When right to income begins and ends.

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Sec. 61-302. Apportionment of receipts and disbursements when decedent dies or income interest begins.

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Sec. 61-303. Apportionment when income interest ends.

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Subchapter IV. Allocation of Receipts During Administration of Trust

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Sec. 61-401. Character of receipts.

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Sec. 61-402. Distribution from trust or estate.

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Sec. 61-403. Business and other activities conducted by an estate.

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Sec. 61-404. Principal receipts.

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Sec. 61-405. Rental property.

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Sec. 61-406. Obligation to pay money.

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Sec. 61-407. Insurance policies and similar contracts.

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Sec. 61-408. Insubstantial allocations not required.

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Sec. 61-409. Deferred compensation, annuities, and similar payments.

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Sec. 61-410. Liquidating asset.

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Sec. 61-411. Minerals, water and other natural resources.

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Sec. 61-412. Timber.

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Sec. 61-413. Property not productive of income.

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Sec. 61-414. Derivatives and options.

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Sec. 61-415. Asset-backed securities.

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Subchapter V. Allocation of Disbursements During Administration of Trust

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Sec. 61-501. Disbursements from income.