(UTC 810) (a) A trustee shall keep adequate records of the administration of the trust. (b) A trustee shall keep trust property separate from the trustee's own property. (c) Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary. (d) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.
Neb. Rev. Stat. § 30-3875
(UTC 810) Record keeping and identification of trust property
Applied in 2 court decisions — leading case In Re Estate of Hedke (2009)
Most recently applied in In re Henry B. Wilson, Jr., Revocable Trust (July 2018)
Laws 2003, LB 130, § 75.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.