Georgia § 53-12-65 - Modification or termination of uneconomic trust.
Full text of Georgia Official Code of Georgia Annotated § 53-12-65 — Modification or termination of uneconomic trust., with citation guidance and answers to common questions.
§ 53-12-65. Modification or termination of uneconomic trust.
After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property either having a total value less than $100,000.00 or for which the trustee's annual fee for administering the trust is 5 percent or more of the market value of the principal assets of the trust as of the last day of the preceding trust accounting year may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration, provided that in the case of a cemetery trust, notice shall be given to the Attorney General. For purposes of this subsection, the term "cemetery trust" means a trust the sole purpose of which is to hold and invest property to be used for the maintenance and care of cemetery plots. The court may modify or terminate a trust or remove a trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration. Upon termination of a trust under this Code section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust. This Code section shall not apply to an easement for conservation. This Code section shall not apply to trusts governed by Chapter 14 of Title 10. (Code 1981, § 53-12-65 , enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2018, p. 262, § 11/HB 121.) Law reviews. - For article on the 2018 amendment of this Code section, see 35 Ga. St. U. L. Rev. 219 (2018).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 53-12-65
What does Official Code of Georgia Annotated § 53-12-65 cover?
Section 53-12-65 ("Modification or termination of uneconomic trust.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 53-12-65?
A common citation format is "Official Code of Georgia Annotated § 53-12-65" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 53-12-65 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.