Indiana Code
Ind. Code § 30-4-3.5-7 (2026)
Costs
✓ current as of May 2026
Sec. 7. In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
As added by P.L.137-1999, SEC.3.
Notes of Decisions
Cited in 1
case, 2011–2011 · leading case: Eiteljorg v. Eiteljorg, 951 N.E.2d 565 (Ind. Ct. App. 2011).
Eiteljorg v. Eiteljorg, 951 N.E.2d 565 (Ind. Ct. App. 2011). “5) to incur only appropriate and reasonable costs to the trust, Ind.Code § 30-4-3.5-7. 6) to seek court authority to act where conflicts of interest exist, Ind.”
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