(a) A trustee who commits a breach of trust is personally chargeable with any damages resulting from the breach of trust including but not limited to:

(1) Any loss or depreciation in value of the trust property as a result of the breach of trust with interest;

(2) Any profit made by the trustee through the breach of trust with interest;

(3) Any amount that would reasonably have accrued to the trust or beneficiary if there had been no breach of trust with interest; and

(4) In the discretion of the court, expenses of litigation, including reasonable attorney's fees incurred by the beneficiary in bringing an action on the breach or threat to commit a breach.

(b) If the trustee is liable for interest, then the amount of the liability for interest shall be the greater of the following amounts:

(1) The amount of interest that accrues at the legal rate on judgments; or

(2) The amount of interest actually received.