Nebraska § 30-3875 (UTC 810) Record keeping and identification of trust property

Nebraska Statutes

§ 30-3875 — (UTC 810) Record keeping and identification of trust property

Nebraska § 30-3875

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

This text of Nebraska § 30-3875 ((UTC 810) Record keeping and identification of trust property) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 30-3875 (2026).

Text

(UTC 810) (a) A trustee shall keep adequate records of the administration of the trust.

(b)A trustee shall keep trust property separate from the trustee's own property.

(c)Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

(d)If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.

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(UTC 810) (a) A trustee shall keep adequate records of the administration of the trust.
(b) A trustee shall keep trust property separate from the trustee's own property.
(c) Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
(d) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.

Legislative History

Source: Laws 2003, LB 130, § 75. Annotations: A trustee's failure to keep required records is reason, among other things, for a court reviewing a judicial accounting to resolve doubts against the trustee. In re Estate of Hedke, 278 Neb. 727, 775 N.W.2d 13 (2009). To further help prevent conflicts of interests, trustees are required to keep adequate records of the trust administration and to keep trust property separate from the trustee's property. In re Estate of Robb, 21 Neb. App. 429, 839 N.W.2d 368 (2013).