{"data":{"id":"us-nj/n.j.-stat.-3b-31-30","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:31-30","heading":"Modification or termination of uneconomic trust.","body":"Modification or Termination of Uneconomic Trust.\na.\tAfter notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $100,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.\nb.\tThe 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.\nc.\tUpon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.\nd.\tThis section does not apply to an easement for conservation or preservation.\nL.2015, c.276, s.1.","path":["TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"82b85b2822f631d00e42a21a19c6a4087dd71386318bcd4df53069e28b69ccc7","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-31-29","next":"us-nj/n.j.-stat.-3b-31-31"},"notice":"GroundRules: Original legal text. Not legal advice."}