{"data":{"id":"us-nj/n.j.-stat.-3b-31-72","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:31-72","heading":"Damages for breach of trust.","body":"Damages for Breach of Trust.\na.\tA trustee who commits a breach of trust is liable to the beneficiaries affected for the greater of:\n(1)\tthe amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred; or\n(2)\tthe profit the trustee made by reason of the breach.\nb.\tExcept as otherwise provided in this subsection, if more than one trustee is liable to the beneficiaries for a breach of trust, a trustee is entitled to contribution from the other trustee or trustees based on the comparative degree of culpability for the breach.  However, a trustee who committed the breach in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries is not entitled to contribution from a trustee who was not guilty of such conduct.  A trustee who received a benefit from the breach of trust is not entitled to contribution from another trustee to the extent of the benefit received.\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":"f947563259c04744aea783cd9d6abf0beb49699541c8f5ab4b0324b9ef75f8dc","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-31-71","next":"us-nj/n.j.-stat.-3b-31-73"},"notice":"GroundRules: Original legal text. Not legal advice."}