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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 19-1304.14: Termination of uneconomic trust.

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Where this section sits in the code
  1. Title 19. Descent, Distribution, and Trusts. [Enacted title]
  2. Chapter 13. Uniform Trust Code.
  3. Subchapter IV. Creation, Validity, Modification, and Termination of Trust.

(a)

After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $50,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.

(b)

The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.

(c)

Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.

(d)

This section does not apply to an easement for conservation or preservation.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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