Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 77 - Trusts

Section 7740 - Termination of trusts; proceedings for termination or modification of trusts - UTC 410 - (a) Termination.--A trust terminates to the extent it is revoked...

Section 7740.1 - Modification or termination of noncharitable irrevocable trust by consent - UTC 411 - (a) Consent by settlor and beneficiaries.--A noncharitable irrevocable trust may...

Section 7740.2 - Modification or termination of noncharitable irrevocable trust by court - UTC 412 - (a) Unanticipated circumstances.--The court may modify the administrative or dispositive...

Section 7740.3 - Charitable trusts - UTC 413 - (a) General rule.--Except as otherwise provided in subsection (b), if...

Section 7740.4 - Modification or termination of noncharitable trust - UTC 414 - (a) Trustee's authority.--A trustee of a noncharitable trust may terminate...

Section 7740.5 - Reformation to correct mistakes - UTC 415 - The court may reform a trust instrument, even if unambiguous,...

Section 7740.6 - Modification to achieve settlor's tax objectives - UTC 416 - The court may modify a trust instrument in a manner...

Section 7740.7 - Division of trusts - (a) Without court approval.--A trustee may, without court approval, divide...

Section 7740.8 - Combination of trusts - (a) With court approval.--The court, for cause shown, may authorize...

Section 7741 - Rights of beneficiary's creditor or assignee - UTC 501 - A judgment creditor or assignee of the beneficiary may reach...

Section 7742 - Spendthrift provision - UTC 502 - (a) Validity.--A spendthrift provision is valid only if it restrains...

Section 7743 - Exceptions to spendthrift provision - UTC 503 - (a) (Reserved). (b) Who may override.--A spendthrift provision is unenforceable...

Section 7744 - Discretionary trusts; effect of standard - UTC 504 - (a) (Reserved). (b) Distribution not compelled.--Except as otherwise provided in...

Section 7745 - Creditor's claim against settlor - UTC 505(a) - Whether or not a trust instrument contains a spendthrift provision...

Section 7746 - Overdue distribution - UTC 506 - (a) Distribution not made within reasonable time.--Whether or not the...

Section 7747 - Personal obligations of trustee - UTC 507 - Trust property is not subject to personal obligations of the...

Section 7748 - Property subject to power of withdrawal - UTC 505(b) - Trust property that is subject to a power of withdrawal,...

Section 7751 - Capacity of settlor of revocable trust - UTC 601 - The capacity required to create, amend, revoke or add property...

Section 7752 - Revocation or amendment of revocable trust - UTC 602 - (a) Power to revoke or amend.--The settlor may revoke or...

Section 7753 - Trustee's duties; powers of withdrawal - UTC 603 - (a) Power of settlor.--Regardless of the legal capacity of the...

Section 7754 - Actions contesting validity of revocable trust - (a) How action may be commenced.--A person having standing to...

Section 7755 - Claims and distribution after settlor's death - (a) Creditors' rights.--Creditors of the settlor of a revocable trust...

Section 7761 - Accepting or declining trusteeship - UTC 701 - (a) Accepting trusteeship.--Except as otherwise provided in subsection (c), a...

Section 7762 - Trustee's bond - UTC 702 - (a) When required.--A trustee shall give bond to secure performance...

Section 7763 - Cotrustees - UTC 703 - (a) Majority decision.--Cotrustees who do not reach a unanimous decision...

Section 7764 - Vacancy in trusteeship; appointment of successor - UTC 704 - (a) When vacancy occurs.--A vacancy in a trusteeship occurs if:...

Section 7765 - Resignation of trustee; filing resignation - (a) Court approval.--(Deleted by amendment). (a.1) General rule.--A trustee may...

Section 7766 - Removal of trustee - UTC 706 - (a) Request to remove trustee; court authority.--The settlor, a cotrustee...

Section 7767 - Delivery of property by former trustee - UTC 707 - (a) Duties and powers of trustee.--Unless a cotrustee remains in...

Section 7768 - Compensation of trustee - UTC 708 - (a) If unspecified.--If neither the trust instrument nor a separate...

Section 7769 - Reimbursement of expenses - UTC 709 - (a) Reimbursement from trust property.--A trustee is entitled to be...

Section 7770 - Liability of successor trustee - A successor trustee shall not be personally liable for the...

Section 7771 - Duty to administer trust - UTC 801 - Upon acceptance of a trusteeship, the trustee shall administer the...

Section 7772 - Duty of loyalty - UTC 802 - (a) Duty of trustee.--A trustee shall administer the trust solely...

Section 7773 - Impartiality - UTC 803 - If a trust has two or more beneficiaries, the trustee...

Section 7774 - Prudent administration - UTC 804 - A trustee shall administer the trust as a prudent person...

Section 7775 - Costs of administration - UTC 805 - In administering a trust, the trustee may incur only costs...

Section 7776 - Trustee's skills - UTC 806 - A trustee who has special skills or expertise relevant to...

Section 7777 - Delegation by trustee - (a) Standards for delegation.--A trustee may delegate duties and powers...

Section 7778 - Powers to direct - UTC 808 - (a) Direction of settlor.--While a trust is revocable, the trustee...

Section 7779 - Control and protection of trust property - UTC 809 - A trustee shall take reasonable steps to take control of...

Section 7780 - Recordkeeping and identification of trust property - UTC 810 - (a) Records.--A trustee shall keep adequate records of the administration...

Section 7780.1 - Enforcement and defense of claims - UTC 811 - Except as provided in section 7770 (relating to liability of...

Section 7780.3 - Duty to inform and report - (a) Duty to respond to requests.--A trustee shall promptly respond...

Section 7780.4 - Discretionary powers - The trustee shall exercise a discretionary power in good faith...

Section 7780.5 - Powers of trustees - UTC 815 - (a) Exercise of power.--Except as otherwise provided in the trust...

Section 7780.6 - Illustrative powers of trustee - (a) Listing.--The powers which a trustee may exercise pursuant to...

Section 7780.7 - Distribution upon termination - Upon the occurrence of an event terminating or partially terminating...

Section 7781 - Remedies for breach of trust - UTC 1001 - (a) What constitutes breach of trust.--A violation by a trustee...

Section 7782 - Damages for breach of trust - UTC 1002 - (a) Liability for breach of trust.--A trustee who commits a...

Section 7783 - Damages in absence of breach - UTC 1003 - (a) Profit.--A trustee is accountable to an affected beneficiary for...

Section 7785 - Limitation of action against trustee - (a) Imposed by trustee's written reports.-- (1) A beneficiary is...

Section 7786 - Reliance on trust instrument - UTC 1006 - A trustee who acts in reasonable reliance on the express...

Section 7787 - Event affecting administration or distribution - UTC 1007 - If the happening of an event, including marriage, divorce, performance...

Section 7788 - Exculpation of trustee - UTC 1008 - (a) When exculpatory provision unenforceable.--A provision of a trust instrument...

Section 7789 - Beneficiary's consent, release or ratification - UTC 1009 - A trustee is not liable to a beneficiary for breach...

Section 7790 - Limitation on personal liability of trustee - UTC 1010 - (a) When trustee not personally liable.--Except as otherwise provided in...

Section 7790.1 - Interest as general partner - UTC 1011 - (a) Contractual liability.--Except as otherwise provided in subsection (c) or...

Section 7790.2 - Protection of person dealing with trustee - UTC 1012 - (a) (Reserved). (a.1) Protection from liability.--Unless a person assisting or...

Section 7790.3 - Certification of trust - UTC 1013 - (a) Contents of certification.--Instead of furnishing a copy of the...

Section 7791 - Abandonment of property - If any property is so burdensome or is so encumbered...

Section 7792 - Powers, duties and liabilities identical with personal representatives - The provisions concerning the powers, duties and liabilities of a...

Section 7793 - Effect of removal, or of probate of later will or codicil - (a) No impeachment.--No act of administration performed by a testamentary...

Section 7794 - Title of purchaser - If the trustee has given a bond as required in...

Section 7795 - Reports for school district trustees - (a) Scope.--This section applies if a school district is a...

Section 7796 - Jurisdiction - Notwithstanding 42 Pa.C.S. § 931 (relating to original jurisdiction and...

Section 7797 - Filing accounts - (a) When to file.--A trustee shall file an account of...

Section 7798 - Failure to present claim at audit - (a) Applicability.--This section applies to a person that, at the...

Section 7799 - Income on distributive shares - Except as otherwise provided by the trust instrument or by...

Section 7799.1 - Annexation of account of distributed estate or trust - A trustee who has received property from a personal representative...

Section 7799.2 - Accounts, audits and distributions - The provisions concerning accounts, audits and distributions in trust estates...

Section 7799.3 - Pooled trusts for individuals with disabilities - (a) Scope.--This section relates to pooled trusts. (b) Organization of...

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Pennsylvania Consolidated & Unconsolidated Statutes Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES Chapter 77 - Trusts

Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 77 - Trusts