LegalFix
Sign In

Section 4-10-709 - Reimbursement of Expenses.

WY Stat § 4-10-709 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

4-10-709. Reimbursement of expenses.

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

(i) Expenses that were properly incurred in the administration of the trust;

(ii) Expenses that were properly incurred in responding to an objection to a proposed change in the method or rate of the trustee's compensation; and

(iii) 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.

Previous Section
Section 4-10-708 - Compensation of Trustee.
Next Section
Section 4-10-710 - Trust Protector.