Indiana Statutes

§ 30-4-5-17 — Compensation if trustee breaches trust

Indiana·Art. 4 TRUST CODE·Ch. 5 Rules Governing the Administration of a Trust

(Compensation if Trustee Breaches Trust)

(a)In a proceeding in which the trustee is found to be in breach of trust, the court may in its discretion either deny him all compensation, allow him a reduced compensation, or allow him full compensation.
(b)In the exercise of its discretion under subsection (a) of this section, the court may consider, among others, the following facts:
(1)whether the breach of trust was intentional, negligent, or without fault;
(2)whether or not the trustee acted in good faith;
(3)whether or not the breach of trust resulted in a loss to the trust estate;
(4)if a loss results, whether the trustee has indemnified the trust estate; and
(5)whether the trustee's services were of value to the trust estate. Formerly: Acts 1971, P.L.416, SEC.6.

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