Pennsylvania Statutes
§ 7791 — Abandonment of property
Pennsylvania·Title 20 DECEDENTS, ESTATES AND FIDUCIARIES·Ch. 77 TRUSTS·Subch. MISCELLANEOUS PROVISIONS
If any property is so burdensome or is so encumbered or is in such condition that it is of no value to the trust, the trustee may abandon it. If property without value cannot be abandoned without transfer of title to another or without a formal renunciation, the court may authorize the trustee to transfer or renounce it without consideration if it finds that this will be for the best interests of the trust.
Free access — add to your briefcase to read the full text and ask questions with AI
Pennsylvania § 7791 (Abandonment of property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 7703
Definitions - UTC 103§ 7704
Knowledge - UTC 104§ 7707
Governing law - UTC 107§ 7708
Situs of trust§ 7710.2
Rules of construction - UTC 112§ 7713
(Reserved)