Cal. Probate Code § 15408
Cal. Probate Code § 15408
California · California Probate Code · Status: effective · Effective 2025-01-01
Cite this
- Citation
- Cal. Probate Code § 15408, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/895421
- Permanent ID
ys:prov:895421@1- SHA-256
8dc9840bcf808ff4d0f167256ff211ea8faa25acd27f7400e11c598f171f867b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) On petition by a trustee or beneficiary, if the court determines that the fair market value of the principal of a trust has become so low in relation to the cost of administration that continuation of the trust under its existing terms will defeat or substantially impair the accomplishment of its purposes, the court may, in its discretion and in a manner that conforms as nearly as possible to the intention of the settlor, order any of the following:
(1) Termination of the trust.
(2) Modification of the trust.
(3) Appointment of a new trustee.
(b) Notwithstanding subdivision (a), if the fair market value of the principal of a trust does not exceed one hundred thousand dollars ($100,000) in value, the trustee has the power to terminate the trust.
(c) The existence of a trust provision restraining transfer of the beneficiary’s interest does not prevent application of this section.