A. A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:
- 1. Expenses that were properly incurred in the administration of the trust; and
- 2. To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.
- B. An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.
Laws 2025, HB 1850, c. 254, § 48, eff. November 1, 2025.