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RSA 564-B:10-1003 · Damages in Absence of Breach

Title
LVI: PROBATE COURTS AND DECEDENTS' ESTATES
Chapter
564-B · NEW HAMPSHIRE TRUST CODE
Status
current
Official source linked
Yes
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564-B:10-1003 Damages in Absence of Breach. –

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(a)

A trustee, trust advisor, or trust protector is accountable to an affected beneficiary for any profit made by that trustee, trust advisor, or trust protector arising from the administration of the trust, even absent a breach of trust. This section does not preclude the payment of reasonable compensation to a trustee, trust advisor, or trust protector.

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(b)

Absent a breach of trust, a trustee, trust advisor, or trust protector is not liable to a beneficiary for a loss or depreciation in the value of trust property or for not having made a profit. Source. 2004, 130:1, eff. Oct. 1, 2004. 2014, 195:41, eff. July 1, 2014.

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Source note

Source. 2004, 130:1, eff. Oct. 1, 2004. 2014, 195:41, eff. July 1, 2014.

Source history

  • 2004, 130:1, eff. Oct. 1, 2004
  • 2014, 195:41, eff. July 1, 2014

Related materials

Bill relationships

  • 2025 HB88 amend

    housand Twenty Five AN ACT establishing community property trusts. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Article; Article 13 Community Property Trusts. Amend RSA 564-B by inserting after article 12 the following new article: Article 13 Community Property Trusts 564-B:13-1301 Short Title. This article shall be known as the "New Hampshire Community Property Trust Act of 2026."