Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 14. Trusts, Estates and Protective Proceedings |
Chapter 11. ARIZONA TRUST CODE |
Article 7. Office of Trustee |
Sec 14-10709. Reimbursement of expenses
Latest version.
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A. A trustee is entitled to be reimbursed out of the trust property, with reasonable interest, for:
1. Expenses that were properly incurred in the administration of the trust.
2. To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.
B. An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.