New Hampshire § 564-B:4-414 Modification or Termination of Uneconomic Trust

New Hampshire Statutes

§ 564-B:4-414 — Modification or Termination of Uneconomic Trust

New Hampshire § 564-B:4-414

Title LVIPROBATE COURTS AND DECEDENTS' ESTATES

Ch. 564-BNEW HAMPSHIRE TRUST CODE

SubdivisionARTICLE 4CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST

This text of New Hampshire § 564-B:4-414 (Modification or Termination of Uneconomic Trust) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 564-B:4-414 (2026).

Text

(a)After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $100,000 may terminate the trust if:

(1)The trustee concludes that the value of the trust property is insufficient to justify the cost of administration; and

(2)Within 30 days after the notice was sent to the qualified beneficiaries, a beneficiary does not notify the trustee of the beneficiary's objection to the trust's termination.

(b)The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.

(c)Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent

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(a) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $100,000 may terminate the trust if:
(1) The trustee concludes that the value of the trust property is insufficient to justify the cost of administration; and
(2) Within 30 days after the notice was sent to the qualified beneficiaries, a beneficiary does not notify the trustee of the beneficiary's objection to the trust's termination.
(b) The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.
(c) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.
(d) This section does not apply to an easement for conservation or preservation or to a fund held or created by a town or other municipality under RSA 31:19 or RSA 31:19-a.