article 4. creation, validity, modification and termination of trust. The Uniform Trust Code establishes the rules for trusts in Virginia, as well as the guidelines for how those trusts will be enforced and how they will function. article 3. representation. article 5. creditor's claims; spendthrift and discretionary trusts. Code of Virginia. The Virginia Uniform Trust Code ["VUTC"], § 64.2-700 thru 64.2-808 of the Code of Virginia guides all trust drafting and interpretation and is supplemented by Virginia common law and principles of equity. In its 2005 session the Virginia General Assembly enacted Senate Bill No. This section has more than one version with varying effective dates. B. Cotrustees. 2 Judicial Proceedings. Most states are moving towards uniform laws. Scroll down to see all versions. Chapter 7 - Uniform Trust Code. Table of Contents » Title 64.2. article 6. revocable trusts. 2011 west virginia code chapter 44d.
Section 64.2-701 - Definitions. Knowledge of the VUTC is the starting point to all modern drafting of revocable trusts. Definitions § 64.2-702. Specific powers of trustee Section 64.2-702 - Knowledge. Common law of trusts; principles of equity § 64.2-705. 2. Abbreviations: UTC – Uniform Trust Code MTA – Maryland Trust Act DC UTC – District of Columbia Uniform Trust Code VA UTC – Virginia Uniform Trust Code . Knowledge § 64.2-703. The Virginia Uniform Trust Code John E. Donaldson College of William and Mary, Marshall-Wythe School of Law Robert T. Danforth Washington and Lee University School of Law Follow this and additional works at:https://scholarship.richmond.edu/lawreview Part of theContracts Commons,Estates and Trusts Commons, and theLegislation Commons This Article is brought to you for free and open …
Box 815, Bantam, CT 06750-0815 DEFINITIONS AND GENERAL PROVISIONS. Trusts » Chapter 7.
Section 64.2-700 - Scope. Code of Virginia. uniform trust code.
§ 64.2-102. Table of Contents » Title 64.2. ANNOTATIONS FOR THE UNIFORM TRUST CODE, THE DC UNIFORM TRUST CODE, THE MARYLAND TRUST ACT, AND THE VIRGINIA UNIFORM TRUST CODE. Section 64.2-705 - Governing law. Code of Virginia. ARTICLE 1 — … 2013 Code of Virginia Title 64.2 - WILLS, TRUSTS, AND FIDUCIARIES. Section 64.2-703 - Default and mandatory rules. Article 1. If a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the trust. A. Uniform Trust Code » Article 1. 2013 Code of Virginia Title 64.2 - WILLS, TRUSTS, AND FIDUCIARIES. This is Chapter 7 of the Code of Virginia, titled “Uniform Trust Code.” It is part of Title 64.2, titled “Wills, Trusts, And Fiduciaries.” It is part of Subtitle III, titled “Trusts.” 1 General Provisions And Definitions. Documents Final Act, With Comments. Knowledge of the VUTC is the starting point to all modern drafting of revocable trusts. § 64.2-700. Definitions. Meaning of child and related terms § 64.2-103. DEFINITIONS. Given a sound basis in law and parties who agree to a settlement, judges tend to be practical; they are not inclined to thwart the resolution of costly trust disputes. Uniform Trust Code » Article 10. General Provisions and Definitions § 64.2-700. Liability of Trustees and Rights of Persons Dealing with Trustee » § 64.2-804. Except as limited by the terms of the trust: a. Section 64.2-700 - Scope. 7: Uniform Trust Code; Uniform Trust Code. In its 2005 session the Virginia General Assembly enacted Senate Bill No. Section 64.2-703 - Default and mandatory rules. GENERAL PROVISIONS Chapter 1.
Trusts » Chapter 7. Wills, Trusts, and Fiduciaries » Subtitle III. Insurable Interest Amendment to the Uniform Trust Code 2010 Prudent Investor Act 1994 Directed Trust 2017 Trust Decanting 2015 Legislative Bill Tracking. article 1. general provisions and definitions. UNIFORM TRUST DECANTING ACT The Committee appointed by and representing the National Conference of Commissioners on Uniform State Laws in preparing this Act consists of the following individuals: STANLEY C. KENT, 90 S. Cascade Ave., Suite 1210, Colorado Springs, CO 80903, Chair MARY M. ACKERLY, 782 Bantam Rd., P.O.