Uniform Trust Code, Powers of Appointment, and the Uniform Probate Code various provisions modified; and technical, clarifying, and conforming changes made.

HF 360 makes technical updates to Minnesota's trust and probate laws, primarily clarifying time limits for trust interests and powers of appointment. It specifies that nonvested trust interests must vest or terminate within 21 years after the death of a living person or 500 years for trusts created after the bill's effective date (replacing a prior 90-year limit). These changes affect trusts, estates, and beneficiaries by ensuring legal clarity in how trust terms are interpreted under Minnesota law, without altering core trust creation rules. The bill focuses on aligning statutes with the Uniform Trust Code and resolving minor inconsistencies in existing law.