Section 3B:31-30 - Modification or termination of uneconomic trusta. After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than $100,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.b. The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.c. Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.d. This section does not apply to an easement for conservation or preservation.Added by L. 2015, c. 276,s. 1, eff. 7/17/2016.