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REIMBURSEMENT OF EXPENSES AND OVER-PAYMENT

  • A trustee may seek reimbursement of all the expenses properly incurred inor about execution of the trust and/or for the protection and benefit oftrust property or the beneficiary. The reimbursement is to be sought fromthe trust property.

  • Equally if a trustee makes an over payment to the beneficiary, he can seekreimbursement from the beneficiary's interest in trust property and if suchinterest is insufficient, the trustee is entitled to recover the money fromthe beneficiary personally.

 
Private,Public and Religious Trusts
Private Trust
Trustee / Beneficiary Of A Private Trust
Modes Of Creating A Private Trust
Trust Property
Trustee Of A Private Trust - Rights And Powers
Breach Of Trust
Reimbursement Of Expenses And Over-Payment
Removal Of The Trustee
Transfer Of Trust Property By The Beneficiary
Documents And Accounts Of Trust Property
Discharge Of A Trustee
Appointment Of A New Trustee
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Public, Charitable and Religious Trusts
Religious Trusts
Wakf
Tax Exemptions
Incomes Not Exempted

 

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