75B-2-412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
144 words·~1 min read·
/ut/title-75b/chapter-2/75b-2-412A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
75B-2-412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
(a)The court may modify the administrative or dispositive terms of a trust or terminate the trust if, because of circumstances not anticipated by the settlor, modification or termination will further the purposes of the trust.
(b)To the extent practicable, the modification must be made in accordance with the settlor's probable intention.
(2)The court may modify the administrative terms of a trust if continuation of the trust on the trust's existing terms would be impracticable or wasteful or impair the trust's administration.
(3)Upon termination of a trust under this section, the trustee shall distribute the trust property as directed by the court or otherwise in a manner consistent with the purposes of the trust.
Renumbered and Amended by Chapter 310 , 2025 General Session