N.J. Stat. § 3B:31-53

Current through L. 2023, c. 256.
Section 3B:31-53 - Reimbursement of expenses
a. In addition to the compensation allowed by N.J.S. 3B:18-2 et seq., a trustee is entitled to be reimbursed out of the trust property for:
(1) expenses that were properly incurred in the administration of the trust; and
(2) to the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.
b. An advance by a trustee of money or other property for the protection of the trust gives rise to a lien against trust property to secure reimbursement.

N.J.S. § 3B:31-53

Added by L. 2015, c. 276,s. 1, eff. 7/17/2016.