58a-1005.
Limitation of action against trustee.
(a) A beneficiary may not commence a proceeding against a trustee for breach of trust more than one year after the date the beneficiary or a representative of the beneficiary was sent a report that adequately disclosed the existence of a potential claim for breach of trust and informed the beneficiary of the time allowed for commencing a proceeding.
(b) A report adequately discloses the existence of a potential claim for breach of trust if it provides sufficient information so that the beneficiary or representative knows of the potential claim or should have inquired into its existence.
(c) If subsection (a) does not apply, a judicial proceeding by a beneficiary against a trustee for breach of trust must be commenced within two years after the first to occur of:
(1) The removal, resignation, or death of the trustee;
(2) the termination of the beneficiary's interest in the trust; or
(3) the termination of the trust.
History:
L. 2002, ch. 133, § 80; January 1, 2003.
Notes of Decisions
Cited in
2
cases (
1 in the last 5 years), 2010–2024 · leading case:
Hemphill v. Shore, 239 P.3d 885 (Kan. Ct. App. 2010).
Hemphill v. Shore, 239 P.3d 885 (Kan. Ct. App. 2010).
“See K.S.A. 58a-1005. Jay maintained that because Hemphill was a minor when the Trust was terminated, K.”
Miller v. Miller (Kan. Ct. App. 2024).
· cites it 5× “Here, subsection (a) does not apply because Brad never created or filed any trust reports and gave no notice to his siblings of the distributions during his time as trustee.”
K.S.A. § 58a-1005(a): 1 case
Miller v. Miller (Kan. Ct. App. 2024).
“Here, subsection (a) does not apply because Brad never created or filed any trust reports and gave no notice to his siblings of the distributions during his time as trustee.”
K.S.A. § 58a-1005(c): 1 case
Miller v. Miller (Kan. Ct. App. 2024).
“Here, subsection (a) does not apply because Brad never created or filed any trust reports and gave no notice to his siblings of the distributions during his time as trustee.”
K.S.A. § 58a-1005(c)(2): 1 case
Miller v. Miller (Kan. Ct. App. 2024).
“Here, subsection (a) does not apply because Brad never created or filed any trust reports and gave no notice to his siblings of the distributions during his time as trustee.”
Annotations are extracted automatically from the opinions in the
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treatment. Dots show Syfertize treatment of the citing case itself.