Alabama § 19-3-26 When Petition for Administration May Be Filed; Contents of Petition

Alabama Statutes

§ 19-3-26 — When Petition for Administration May Be Filed; Contents of Petition

Alabama·Title 19 Fiduciaries and Trusts·Ch. 3 Trusts·Art. 2 Express Trusts for Payment or Security of Debts

If the value of the trust estate, as appraised by the appraisers, exceeds $1,000.00, the trustee, or assignor, or any creditor, or any number of them, may file a petition in the circuit court of the county in which the inventory and appraisement are required to be filed, for the administration of the trust. Such petition must briefly allege the making of the assignment, the value of the trust estate, as shown by the appraisement, and the names and residences of all creditors, so far as known, and pray that the trust be administered by the circuit court.

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If the value of the trust estate, as appraised by the appraisers, exceeds $1,000.00, the trustee, or assignor, or any creditor, or any number of them, may file a petition in the circuit court of the county in which the inventory and appraisement are required to be filed, for the administration of the trust. Such petition must briefly allege the making of the assignment, the value of the trust estate, as shown by the appraisement, and the names and residences of all creditors, so far as known, and pray that the trust be administered by the circuit court.

Alabama § 19-3-26 (When Petition for Administration May Be Filed; Contents of Petition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.