Title 64.2. Wills, Trusts, and Fiduciaries
Chapter 7. Uniform Trust Code
§ 64.2-779.34. No duty to monitor, inform, or advise.
A. Unless the terms of a trust provide otherwise:
1. A trustee does not have a duty to:
a. Monitor a trust director; or
b. Inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the trust director; and
2. By taking an action described in subdivision 1, a trustee does not assume the duty excluded by subdivision 1.
B. Unless the terms of a trust provide otherwise:
1. A trust director does not have a duty to:
a. Monitor a trustee or another trust director; or
b. Inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the trust director might have acted differently than a trustee or another trust director; and
2. By taking an action described in subdivision 1, a trust director does not assume the duty excluded by subdivision 1.
2020, c. 768.
