eLaws | eCases | Massachusetts Courts | Counties & Cities of Massachusetts | United States Code |
 General Laws of Massachusetts (Last Updated: January 16, 2020)
 PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
 TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS
 CHAPTER 203E. MASSACHUSETTS UNIFORM TRUST CODE
 ARTICLE 4. CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST

  SECTION 414. Modification or termination of uneconomic trust  

Latest version.

  • (a) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value of less than $200,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.

    (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 shall not apply to an easement for conservation or preservation.

    (e) Action may be taken under this section regardless of any spendthrift or similar protective provision.