California Probate Code

§ 15408

PROB § 15408 Effective Jan 1, 2025Div. 9 · Part 2 · Ch. 3

Statute text

(a)On petition by a trustee or beneficiary, if the court determines that the fair market value of the principal of a trust has become so low in relation to the cost of administration that continuation of the trust under its existing terms will defeat or substantially impair the accomplishment of its purposes, the court may, in its discretion and in a manner that conforms as nearly as possible to the intention of the settlor, order any of the following:

(1)Termination of the trust.

(2)Modification of the trust.

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Legislative history

Amended by Stats. 2024, Ch. 76, Sec. 1. (SB 1127) Effective January 1, 2025.