HB 121 amends Article 8 of Chapter 6 of Title 44 and chapter 12 of Title 53 of the OCGA by revising and modernizing law relating to trusts. The bill allows trusts to exist for a longer period of time, changes provisions relating to the validity of a non-invested property interest, changes provisions relating to minors and unborn beneficiaries, provides for non-judicial settlement agreements, changes provisions to the transfer of property, changes provisions relating to the ability to modify and terminate non-charitable trusts and to provide for distribution of trust property to another trust, changes provisions relating to uneconomic trust modification and termination, and repeals provisions relating to division, consolidation, and termination of trusts. The bill also changes provisions relating to the appointment and vacancies of trustees, provisions relating to the compensation and extra compensation of trustees, provisions relating to the resignation of a trustee, provisions relating to a qualified beneficiary who is not sui juris, provisions relating to powers of trustees, and provides for trust directors.