(1) |
In allowing a claim, the trustee may deduct any counterclaim which the deceased settlor’s estate has against the claimant. In determining a claim against a deceased settlor’s estate, a court shall reduce the amount allowed by the amount of any counterclaims and, if the counterclaims exceed the claim, render a judgment against the claimant in the amount of the excess. |
Terms Used In Utah Code 75-7-516
- Counterclaim: A claim that a defendant makes against a plaintiff.
- Trustee: A person or institution holding and administering property in trust.
(2) |
A counterclaim, liquidated or unliquidated, may arise from a transaction other than that upon which the claim is based. |
(3) |
A counterclaim may give rise to relief exceeding in amount or different in kind from that sought in the claim. |
Renumbered and Amended by Chapter 89, 2004 General Session