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trust property having a total value less than $100,000 may | | terminate the trust if the trustee concludes that the value of the | | trust property is insufficient to justify the cost of | | administration. |
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| | | 2.__Modification, termination, new trustee by court.__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. |
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| | | 3.__Distribution after termination.__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. |
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| | | 4.__Easement for conservation or preservation.__This section | | does not apply to an easement for conservation or preservation. |
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| | | §415.__Reformation to correct mistakes |
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| | | The court may reform the terms of a trust, even if | | unambiguous, to conform the terms to the settlor's intention if | | it is proved by clear and convincing evidence that both the | | settlor's intent and the terms of the trust were affected by a | | mistake of fact or law, whether in expression or inducement. |
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| | | §416.__Modification to achieve settlor's tax objectives |
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| | | To achieve the settlor's tax objectives, the court may modify | | the terms of a trust in a manner that is not contrary to the | | settlor's probable intention. The court may provide that the | | modification has retroactive effect. |
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| | | §417.__Combination and division of trusts |
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| | | After notice to the qualified beneficiaries, a trustee may | | combine 2 or more trusts into a single trust or divide a trust | | into 2 or more separate trusts, if the result does not impair | | rights of any beneficiary or adversely affect achievement of the | | purposes of the trust. |
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| | | CREDITOR'S CLAIMS; SPENDTHRIFT AND |
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| | | §501.__Rights of beneficiary's creditor or assignee |
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| | | To the extent a beneficiary's interest is not protected by a | | spendthrift provision, the court may authorize a creditor or |
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