§ 16333

A notice required by paragraph (2) of subdivision (b) of Section 16332 shall be sent as required by Chapter 5 (commencing with Section 16500), including notice to a beneficiary who is a minor and to the minor’s guardian, if any, and shall include all of the following:

(a) The action proposed under paragraph (2) of subdivision (b) of Section 16332.

(b) For a conversion of an income trust to a unitrust, a copy of the unitrust plan adopted under paragraph (1) of subdivision (a) of Section 16332.

(c) For a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust plan or amendment or replacement of the unitrust plan adopted under paragraph (2) of subdivision (a) of Section 16332.

(d) A statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary.

(e) The date by which an objection under subdivision (d) shall be received by the fiduciary, which shall be at least 30 days after the date the notice is sent.

(f) The date on which the action is proposed to be taken and the date on which the action is proposed to take effect.

(g) The name and contact information of the fiduciary.

(h) The name and contact information of a person who may be contacted for additional information.

(Added by Stats. 2023, Ch. 28, Sec. 2. (SB 522) Effective January 1, 2024.)