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2019 Nebraska Revised Statutes
Chapter 30 - DECEDENTS' ESTATES; PROTECTION OF PERSONS AND PROPERTY
30-3865 (UTC 709) Reimbursement of expenses.
Universal Citation: NE Code § 30-3865 (2019)
30-3865. (UTC 709) Reimbursement of expenses.
(UTC 709) (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.
Source
- Laws 2003, LB 130, ยง 65.
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