14-10412. 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. To the extent practicable, the modification must be made in accordance with the settlor's probable intention.
B. The court may modify the administrative terms of a trust if continuation of the trust on its existing terms would be impracticable or wasteful or would impair the trust's administration.
C. On termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.
Section: Previous 14-10405 14-10406 14-10407 14-10408 14-10409 14-10410 14-10411 14-10412 14-10413 14-10414 14-10415 14-10416 14-10417 14-10418 14-10501 NextLast modified: October 13, 2016