Right of Trustee to Reimbursement of Expenses

• Author: Seymour Goldberg
• Profession: Senior partner in the law firm of Goldberg & Goldberg, P.C., in Woodbury, New York
• Pages: 35-35

A trustee who personally advances funds on behalf of the trust for proper

expenses is entitled to be reimbursed from the trust funds.

In the event that the trustee personally advances funds for legal fees and

costs in connection with a breach of trust proceeding against him or her,

such expenses may or may not be reimbursed from the trust fund. If the

trustee loses, then he or she should not be reimbursed. If the trustee wins,

then he or she is reimbursed to the extent these expenses are reasonable.

35

RIGHT OF TRUSTEE TO

REIMBURSEMENT OF EXPENSES