Arkansas Code Annotated
Ark. Code Ann. § 28-73-412 (2020)
Modification or termination because of unanticipated circumstances or inability to administer trust effectively
✓ Arkansas Code release r76: Acts through about 2020 (2021-2025 sessions missing)
- In addition to the procedure available under § 28-69-401 et seq., a court may modify the administrative or dispositive terms of a trust or terminate the trust if, because of circumstances not anticipated by the settlor, modification or termination will further the purposes of the trust. To the extent practicable, the modification must be made in accordance with the settlor's probable intention.
- A court may modify the administrative terms of a trust if continuation of the trust on its existing terms would be impracticable or wasteful or impair the trust's administration.
- 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.
History. Acts 2005, No. 1031, § 1.
Research References
U. Ark. Little Rock L. Rev.
Lynn Foster, Arkansas’s Trust Code and Trust Planning: A Ten-Year Perspective, 38 U. Ark. Little Rock L. Rev. 301 (2016).
Case Notes
Cited: In re Ruby G. Owen Trust, 2012 Ark. App. 381, 418 S.W.3d 421 (2012).
Notes of Decisions
Cited in 1
case, 2012–2012 · leading case: In re Ruby G. Owen Trust, 418 S.W.3d 421 (Ark. Ct. App. 2012).
In re Ruby G. Owen Trust, 418 S.W.3d 421 (Ark. Ct. App. 2012). “Ark.Code Ann. § 28-73-412(a) (Repl.2012).”
Ark. Code Ann. § 28-73-412(a): 1 case
In re Ruby G. Owen Trust, 418 S.W.3d 421 (Ark. Ct. App. 2012). “Ark.Code Ann. § 28-73-412(a) (Repl.2012).”
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