[§554D‑203]  Subject matter jurisdiction.  (a)  The court has exclusive jurisdiction of proceedings in this State concerning the administration of a trust.

     (b)  The court has concurrent jurisdiction with other courts of this State of actions and proceedings involving a trust, including:

     (1)  Proceedings to determine the existence or nonexistence of trusts created other than by will;

     (2)  Actions by or against creditors or debtors of trusts; and

     (3)  Other actions and proceedings involving trustees and third parties. [L 2021, c 32, pt of §2]