(a) If a trustee commits a breach of trust, or threatens to commit a breach of trust, a beneficiary shall have a cause of action:

(1) To recover damages;

(2) To compel the trustee to perform the trustee's duties;

(3) To enjoin the trustee from committing a breach of trust;

(4) To compel the trustee to redress a breach of trust by payment of money or otherwise;

(5) To appoint a receiver or temporary trustee to take possession of the trust property and administer the trust;

(6) To remove the trustee;

(7) To reduce or deny compensation of the trustee.

(b) When trust assets are misapplied and can be traced in the hands of persons affected with notice of the misapplication, the trust shall attach to the assets. A creditor of an estate may follow assets in the hands of legatees or distributees even if they were received without notice.

(c) The provision of remedies for breach of trust does not prevent resort to any other appropriate remedy provided by statute or common law.