Vermont § 709 Reimbursement of expenses

Vermont Statutes

§ 709 — Reimbursement of expenses

Vermont·Title 14A Title 14A: Trusts·Ch. 7 Chapter 007: Office of Trustee

(a)A trustee is entitled to be reimbursed out of the trust property, with reasonable interest as appropriate, for:

(1)expenses that were properly incurred in the administration of the trust; and

(2)to the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.

(b)An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.

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(a) A trustee is entitled to be reimbursed out of the trust property, with reasonable interest as appropriate, for:
(1) expenses that were properly incurred in the administration of the trust; and
(2) to the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.
(b) An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.

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