Nebraska § 30-3515 Expenses, compensation, and bond of custodial trustee

Nebraska Statutes

§ 30-3515 — Expenses, compensation, and bond of custodial trustee

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:

(1)Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;

(2)Has a noncumulative election, to be made no later than three months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(3)Need not furnish a bond or other security for the faithful performance of fiduciary duties.

Free access — add to your briefcase to read the full text and ask questions with AI

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2) Has a noncumulative election, to be made no later than three months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties.

Nebraska § 30-3515 (Expenses, compensation, and bond of custodial trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.