Legal Question in Wills and Trusts in Utah
Utah family trust law.
Is trustee allowed to co-mingle trust funds with personal. If so what is statute number and code for reference
Asked on 10/05/13, 12:04 pm
1 Answer from Attorneys
Randy Lish
Randy M. Lish, Attorney at Law
Absolutely not!! see UCA 75-7-808, which specifically prohibits commingling trust property with personal property.A trustee can open the door to substantial personal liability by doing this, and it is not only a violation of the statute, it is really stupid.
Answered on 10/07/13, 7:21 am