Part . Read Part
- Article 1. Requisites and ExecutionRead all
- § 64.2-401
- Who may make a will; what estate may be disposed of
- § 64.2-402
- Advertisements to draw wills prohibited; penalty
- § 64.2-403
- Execution of wills; requirements
- § 64.2-404
- Writings intended as wills
- § 64.2-405
- Interested persons as competent witnesses
- § 64.2-501
- Oath of executor or administrator with the will annexed
- § 64.2-503
- Oath and bond of administrator of intestate estate
- § 64.2-504
- Bond of executor or administrator
- § 64.2-506
- When letters of administration and order for obtaining probate in due form are required
- § 64.2-507
- Clerks to deliver statement of responsibilities
- § 64.2-702
- Knowledge
- § 64.2-704
- Common law of trusts; principles of equity
- § 64.2-705
- Governing law
- § 64.2-707
- Methods and waiver of notice
- § 64.2-708
- Others treated as qualified beneficiaries
- § 64.2-709
- Nonjudicial settlement agreements
- § 64.2-301
- Dower or curtesy abolished
- § 64.2-303
- Extension of time until after determination of action for construction of will or extent of augmented estate
- § 64.2-304
- Rights upon claiming an elective share
- § 64.2-306
- Charging spouse with the value of property received; liability of others for balance of elective share
- § 64.2-307
- Rights in family residence
- § 64.2-308
- Statutory rights barred by desertion or abandonment
- § 64.2-603
- Discharge and release of payor
- § 64.2-605
- Construction of article
- § 64.2-505
- When security not required
- § 64.2-100
- Definitions
- § 64.2-101
- Construction of generic terms
- § 64.2-300
- Applicability; definitions
- § 64.2-406
- Repealed
- § 64.2-407
- Will of personal estate of nonresidents
- § 64.2-408
- Presumption of formal execution of wills made by persons in military service; will of personal estate of persons in military service and seamen
- § 64.2-2700
- Definitions
- § 64.2-2705
- Governing law
- § 64.2-2706
- Common law and principles of equity
- § 64.2-2701
- Repealed
- § 64.2-500
- Grant of administration with the will annexed
- § 64.2-502
- Grant of administration of intestate estate
- § 64.2-404.1
- Reformation of will to correct mistakes or achieve decedent's tax objectives
- § 64.2-700
- Scope
- § 64.2-703
- Default and mandatory rules
- § 64.2-706
- Principal place of administration
- § 64.2-1033
- Definitions
- § 64.2-1034
- Scope
- § 64.2-1035
- Governing law
- § 64.2-302
- When and how elective share may be claimed by surviving spouse
- § 64.2-305
- Augmented estate; exclusions; valuation
- § 64.2-409
- Wills of living persons lodged for safekeeping with clerks of certain courts
- § 64.2-1000
- Repealed
- § 64.2-400
- Separate writing identifying recipients of tangible personal property; liability for distribution; action to recover property
- § 64.2-604
- Payment or delivery of small asset; funeral expenses and disposition
- § 64.2-602
- Payment or delivery of small asset valued at $35,000 or less without affidavit
- § 64.2-701
- Definitions
- § 64.2-600
- Definitions
- § 64.2-601
- Payment or delivery of small asset by affidavit
- § 64.2-508
- Written notice of probate, qualification, and entitlement to copies of inventories, accounts, and reports to be provided to certain parties
- Article 1.1. Elective Share of Surviving Spouse of Decedent Dying on or After January 1, 2017Read all
- § 64.2-308.10
- Sources from which elective share payable
- § 64.2-308.9
- Exclusions, valuation, and overlapping application
- § 64.2-308.12
- Proceeding for elective share; time limit
- § 64.2-308.1
- Applicability; definitions
- § 64.2-308.2
- Dower or curtesy abolished
- § 64.2-308.3
- Elective share amount; effect of election on statutory benefits; non-domiciliary
- § 64.2-308.4
- Composition of the augmented estate; marital property portion
- § 64.2-308.5
- Decedent's net probate estate
- § 64.2-308.6
- Decedent's non-probate transfers to others
- § 64.2-308.7
- Decedent's non-probate transfers to the surviving spouse
- § 64.2-308.8
- Surviving spouse's property and non-probate transfers to others
- § 64.2-308.11
- Personal liability of recipients
- § 64.2-308.13
- Right of election personal to surviving spouse; incapacitated surviving spouse
- § 64.2-308.14
- Waiver of right to elect and of other rights; defenses
- § 64.2-308.15
- Protection of payors and other third parties
- § 64.2-308.16
- Rights in family residence
- § 64.2-308.17
- Statutory rights barred by desertion or abandonment
- Article 2. Revocation and EffectRead all
- § 64.2-412
- Revocation by divorce or annulment; revival upon remarriage; no revocation by other change
- § 64.2-1036
- Fiduciary duties; general principles
- § 64.2-1037
- Judicial review of exercise of discretionary power; request for instruction
- § 64.2-1038
- Fiduciary's power to adjust
- § 64.2-313
- When and how exempt property and allowances may be claimed
- § 64.2-108.2
- Provision in certain trust void
- § 64.2-1004
- Repealed
- § 64.2-309
- Family allowance
- § 64.2-310
- Exempt property
- § 64.2-311
- Homestead allowance
- § 64.2-609
- Money and personal property belonging to nonresident decedents
- § 64.2-510
- Affidavit relating to real estate of intestate decedent
- § 64.2-2707
- Creation of power of appointment
- § 64.2-2708
- Nontransferability
- § 64.2-2709
- Presumption of unlimited authority
- § 64.2-2710
- Exception to presumption of unlimited authority
- § 64.2-2711
- Rules of classification
- § 64.2-2712
- Power to revoke or amend
- § 64.2-102
- Meaning of child and related terms
- § 64.2-103
- Evidence of paternity
- § 64.2-104
- Incorporation by reference into a will, power of attorney, or trust instrument
- § 64.2-105
- Incorporation by reference of certain powers of fiduciaries into will or trust instrument
- § 64.2-106
- Grant of certain powers to personal representative or trustee by circuit court
- § 64.2-107
- Power granted to personal representatives to make election regarding marital deduction as to certain qualifying terminable interest property; binding effect of election
- § 64.2-108
- Power granted to personal representatives and trustees to donate conservation or open-space easements
- § 64.2-108.1
- References to former sections, articles, or chapters
- § 64.2-606
- Transfer of certain vessels registered with U.S. Coast Guard and transfer of motor vehicles
- § 64.2-607
- Transfer of evidences of indebtedness, securities, and stock held in decedents' estates
- § 64.2-608
- Transfer of securities of nonresident decedents
- § 64.2-610
- When court may allow another to qualify on estate
- § 64.2-611
- Disposition by sheriff of property when no person entitled thereto
- § 64.2-312
- Source, determination, and documentation of family allowance, exempt property, and homestead allowance; petition for relief
- § 64.2-314
- Waiver
- § 64.2-710
- Role of court in administration of trust
- § 64.2-711
- Jurisdiction over trustee and beneficiary
- § 64.2-712
- Proceedings to appoint or remove trustees
- § 64.2-713
- Pleadings; parties; orders; notice
- § 64.2-509
- List of heirs
- § 64.2-410
- Revocation of wills generally
- § 64.2-411
- Revival of wills after revocation
- § 64.2-413
- Effect of subsequent conveyance on will
- Article 3. Construction and EffectRead all
- § 64.2-414
- When wills deemed to speak
- § 64.2-417
- When advancement deemed satisfaction of devise or bequest
- § 64.2-419
- Provision for omitted children when no child living when will made
- § 64.2-420
- Provision for omitted children when child living when will made
- § 64.2-421
- Construction of certain conditions of spouse's survivorship
- § 64.2-422
- When omitted spouse to take intestate portion
- § 64.2-424
- When direction to purchase annuity binding on legatee
- § 64.2-425
- Interest on pecuniary legacies
- § 64.2-426
- Testamentary additions to trusts by testator dying on or after July 1, 1994, and before July 1, 1999
- § 64.2-427
- Testamentary additions to trusts by testator dying after June 30, 1999
- § 64.2-428
- Distribution of assets by fiduciaries in satisfaction of pecuniary bequests or transfers in trust of pecuniary amount
- § 64.2-429
- Construction of trust provisions otherwise eligible for the election permitted under § 2056(b)(7) of the Internal Revenue Code
- § 64.2-430
- Certain marital deduction formula clauses to be construed to refer to federal marital deduction allowable if decedent had died on December 31, 1981
- § 64.2-431
- Certain powers of appointment construed to refer to federal gift tax exclusion in effect on date of execution
- § 64.2-432
- Certain formula clauses to be construed to refer to federal estate and generation-skipping transfer tax laws applicable to estates of decedents dying after December 31, 2009, and before January 1, 2011
- § 64.2-511
- Powers of executor before qualification
- § 64.2-512
- Funeral expenses
- § 64.2-513
- Effect of death, resignation, or removal of sole executor
- § 64.2-514
- Duty of every personal representative
- § 64.2-515
- Duty of fiduciaries as to joint accounts
- § 64.2-516
- Duties of fiduciaries as to certain obligations of the United States
- § 64.2-517
- Exercise of discretionary powers by surviving executors or administrators with the will annexed
- § 64.2-518
- When personal representative may renew obligation of decedent
- § 64.2-519
- Suits upon judgment and contracts of decedent and actions for personal injury or wrongful death
- § 64.2-714
- Representation; basic effect
- § 64.2-715
- Representation by holder of general testamentary power of appointment
- § 64.2-716
- Representation by fiduciaries and parents or other ancestors
- § 64.2-717
- Representation by person having substantially identical interest
- § 64.2-718
- Appointment of representative
- § 64.2-315
- Application
- § 64.2-316
- Presumptions
- § 64.2-318
- Perfection of title of surviving spouse
- § 64.2-319
- Perfection of title of personal representative, heir or devisee
- § 64.2-320
- Purchaser for value or lender
- § 64.2-321
- Creditor's rights
- § 64.2-322
- Acts of married persons
- § 64.2-323
- Limitations on testamentary disposition
- § 64.2-324
- Uniformity of application and construction
- § 64.2-612
- Definitions
- § 64.2-613
- Registration in beneficiary form; sole or joint tenancy ownership; applicable law
- § 64.2-614
- Origination of registration in beneficiary form
- § 64.2-615
- Form of registration in beneficiary form; effect
- § 64.2-616
- Ownership on death of owner
- § 64.2-617
- Protection of registering entity
- § 64.2-618
- Nontestamentary transfer on death
- § 64.2-619
- Terms, conditions, and forms for registration; examples
- § 64.2-423
- Repealed
- § 64.2-317
- Disposition upon death
- § 64.2-2713
- Requisites for exercise of power of appointment
- § 64.2-2714
- Intent to exercise; determining intent from residuary clause
- § 64.2-2715
- Intent to exercise; after-acquired power
- § 64.2-2716
- Substantial compliance with donor-imposed formal requirement
- § 64.2-2717
- Permissible appointment
- § 64.2-2718
- Appointment to deceased appointee
- § 64.2-2719
- Impermissible appointment
- § 64.2-2720
- Selective allocation doctrine
- § 64.2-2721
- Capture doctrine; disposition of ineffectively appointed property under general power
- § 64.2-2722
- Disposition of unappointed property under released or unexercised general power
- § 64.2-2723
- Disposition of unappointed property under released or unexercised nongeneral power
- § 64.2-2724
- Disposition of unappointed property if partial appointment to taker in default
- § 64.2-2725
- Appointment to taker in default
- § 64.2-2726
- Powerholder's authority to revoke or amend exercise
- § 64.2-520
- Action for goods carried away, or for waste, destruction of, or damage to estate of decedent
- § 64.2-109
- Repealed
- § 64.2-520.1
- Legal duty; action for damages from legal malpractice concerning estate planning; third parties
- § 64.2-1006
- Repealed
- § 64.2-520.2
- Reliance on certificate of qualification of a personal representative
- § 64.2-1039
- Definitions
- § 64.2-1040
- Application; duties and remedies
- § 64.2-1041
- Authority of fiduciary
- § 64.2-1042
- Notice
- § 64.2-1043
- Unitrust policy
- § 64.2-1044
- Unitrust rate
- § 64.2-1045
- Applicable value
- § 64.2-1046
- Period
- § 64.2-1047
- Special tax benefits; other rules
- § 64.2-415
- How certain trust provisions, bequests, and devises to be construed; nonademption in certain cases
- § 64.2-416
- Devises, bequests, and distributions that fail; how to pass
- § 64.2-418
- When children or descendants of beneficiary to take estate or trust
- Article 3.1. Uniform Fiduciary Access to Digital Assets ActRead all
- § 64.2-116
- Definitions
- § 64.2-117
- Applicability
- § 64.2-118
- User direction for disclosure of digital assets
- § 64.2-119
- Terms-of-service agreement
- § 64.2-120
- Procedure for disclosing digital assets
- § 64.2-121
- Disclosure of content of electronic communications of deceased user
- § 64.2-122
- Disclosure of other digital assets of deceased user
- § 64.2-123
- Disclosure of content of electronic communications of principal
- § 64.2-124
- Disclosure of other digital assets of principal
- § 64.2-125
- Disclosure of digital assets held in trust when trustee is original user
- § 64.2-126
- Disclosure of contents of electronic communications held in trust when trustee is not original user
- § 64.2-127
- Disclosure of other digital assets held in trust when trustee is not original user
- § 64.2-128
- Disclosure of digital assets to conservator or guardian of protected person
- § 64.2-129
- Fiduciary duty and authority
- § 64.2-130
- Custodian compliance and immunity
- § 64.2-131
- Uniformity of application and construction
- § 64.2-132
- Relation to Electronic Signatures in Global and National Commerce Act
- Article 4. Disclaimer or Release; Contract to Appoint or Not to AppointRead all
- § 64.2-2727
- Disclaimer
- § 64.2-2728
- Authority to release
- § 64.2-2729
- Method of release
- § 64.2-2730
- Notice of release; recordation; fee
- § 64.2-2731
- Revocation or amendment of release
- § 64.2-2732
- Power to contract; presently exercisable power of appointment
- § 64.2-2733
- Power to contract; power of appointment not presently exercisable
- § 64.2-2734
- Remedy for breach of contract to appoint or not to appoint
- § 64.2-726
- Trust for care of animal
- § 64.2-741
- Powers of courts not impaired by §§ 64.2-736 through 64.2-740
- § 64.2-620
- Nonprobate transfers on death
- § 64.2-720
- Requirements for creation
- § 64.2-721
- Trusts created in other jurisdictions
- § 64.2-722
- Trust purposes
- § 64.2-723
- Charitable purposes; enforcement
- § 64.2-724
- Creation of trust induced by fraud, duress, or undue influence
- § 64.2-725
- Evidence of oral trust
- § 64.2-727
- Noncharitable trust without ascertainable beneficiary
- § 64.2-728
- Modification or termination of trust; proceedings for approval or disapproval
- § 64.2-729
- Modification or termination of noncharitable irrevocable trust by consent
- § 64.2-730
- Modification or termination because of unanticipated circumstances or inability to administer trust effectively
- § 64.2-731
- Cy pres
- § 64.2-733
- Reformation to correct mistakes
- § 64.2-734
- Modification to achieve settlor's tax objectives
- § 64.2-735
- Combination and division of trusts
- § 64.2-736
- Amendment of trust where gift, grant, or will establishes private foundation or constitutes a charitable trust or a split-interest trust
- § 64.2-737
- Distribution of income of trust that is a private foundation or a charitable trust; prohibitions as to such private foundation
- § 64.2-738
- Prohibitions as to trust that is deemed a split-interest trust
- § 64.2-739
- Application of §§ 64.2-737 and 64.2-738
- § 64.2-740
- Interpretation of references to Internal Revenue Code in §§ 64.2-736 through 64.2-739
- § 64.2-521
- Personal representatives to sell real estate devised to be sold, and to receive certain rents
- § 64.2-522
- Personal representatives to pay over sale proceeds and rents to persons entitled
- § 64.2-523
- Personal representative may execute deed pursuant to written contract of decedent
- § 64.2-524
- Validation of certain conveyances by foreign executor
- § 64.2-433
- Definitions
- § 64.2-434
- Validity
- § 64.2-435
- Requirements
- § 64.2-436
- Other points of form
- § 64.2-437
- Certificate
- § 64.2-438
- Effect of certificate
- § 64.2-439
- Revocation
- § 64.2-440
- Source and construction
- § 64.2-441
- Persons authorized to act in relation to international will; eligibility; recognition by authorizing agency
- § 64.2-442
- International will information registration
- § 64.2-719
- Methods of creating trust
- § 64.2-1048
- Character of receipts from entity
- § 64.2-1049
- Distribution from trust or estate
- § 64.2-1050
- Business or other activity conducted by fiduciary
- § 64.2-1009
- Repealed
- § 64.2-1012
- Repealed
- § 64.2-1016
- Repealed
- § 64.2-732
- Modification or termination of uneconomic trust
- Article 5. Liability of Personal Estate to DebtsRead all
- § 64.2-528
- Order in which debts and demands of decedents to be paid
- § 64.2-1024
- Repealed
- § 64.2-632
- Effect of transfer on death deed at transferor's death
- § 64.2-745
- Certain claims for reimbursement for public assistance
- § 64.2-745.2
- Definitions; vacancies; right to withdraw
- § 64.2-454
- Appointment of administrator for prosecution of action for personal injury or wrongful death against or on behalf of estate of deceased resident or nonresident
- § 64.2-531
- Nonexoneration; payment of lien if granted by agent
- § 64.2-2735
- Creditor claim; general power created by powerholder
- § 64.2-2738
- Creditor claim; nongeneral power
- § 64.2-454.1
- Will contest; presumption of undue influence
- § 64.2-621
- Definitions
- § 64.2-628
- Requirements
- § 64.2-1051
- Principal receipts
- § 64.2-1052
- Rental property
- § 64.2-1053
- Receipt on obligation to be paid in money
- § 64.2-1054
- Insurance policy or contract
- § 64.2-745.1
- Self-settled spendthrift trusts
- § 64.2-443
- Jurisdiction of probate of wills
- § 64.2-444
- Clerks may probate wills
- § 64.2-445
- Appeal from order of clerk
- § 64.2-446
- Motion for probate; process against persons interested in probate
- § 64.2-447
- Use of depositions
- § 64.2-448
- Complaint to impeach or establish a will; limitation of action; venue
- § 64.2-449
- Procedure in probate proceedings
- § 64.2-450
- Probate of copy of will proved outside the Commonwealth; authenticated copy
- § 64.2-451
- Appointment of curator; when made; his duties
- § 64.2-452
- How will may be made self-proved; affidavits of witnesses
- § 64.2-453
- How will may be made self-proved; acknowledgment of witnesses
- § 64.2-525
- Debtor's appointment as executor
- § 64.2-526
- What personal estate to be sold; use of proceeds
- § 64.2-527
- Estate held for another's life; inclusion in personal estate
- § 64.2-529
- Creditors to be paid in order of their classification; class paid ratably; when representative not liable for paying debt
- § 64.2-530
- Lien acquired during lifetime of decedent not affected
- § 64.2-742
- Rights of beneficiary's creditor or assignee
- § 64.2-743
- Spendthrift provision
- § 64.2-744
- Exceptions to spendthrift provision
- § 64.2-746
- Discretionary trusts; effect of standard
- § 64.2-747
- Creditor's claim against settlor
- § 64.2-748
- Overdue distribution
- § 64.2-749
- Personal obligations of trustee
- § 64.2-622
- Applicability
- § 64.2-623
- Nonexclusivity
- § 64.2-624
- Transfer on death deed authorized
- § 64.2-625
- Transfer on death deed revocable
- § 64.2-626
- Transfer on death deed nontestamentary
- § 64.2-627
- Capacity of transferor
- § 64.2-629
- Notice, delivery, acceptance, consideration not required
- § 64.2-630
- Revocation by instrument authorized; revocation by act not permitted
- § 64.2-631
- Effect of transfer on death deed during transferor's life
- § 64.2-633
- Disclaimer
- § 64.2-634
- Liability for creditor claims and statutory allowances
- § 64.2-635
- Optional form of transfer on death deed
- § 64.2-636
- Optional form of revocation
- § 64.2-637
- Uniformity of application and construction
- § 64.2-638
- Relation to federal Electronic Signatures in Global and National Commerce Act
- § 64.2-2736
- Creditor claim; general power not created by powerholder
- § 64.2-2737
- Power to withdraw
- Article 6. Miscellaneous ProvisionsRead all
- § 64.2-2739
- Uniformity of application and construction
- § 64.2-2740
- Relation to Electronic Signatures in Global and National Commerce Act
- § 64.2-2741
- Application to existing relationships
- § 64.2-750
- Capacity of settlor of revocable trust
- § 64.2-751
- Revocation or amendment of revocable trust
- § 64.2-753
- Limitation on action contesting validity of revocable trust; distribution of trust property
- § 64.2-532
- Real estate of decedent as assets for payment of debts
- § 64.2-533
- Administration of assets for payment of debts
- § 64.2-534
- Liability of heir or devisee for value of real estate sold and conveyed; validity of premature conveyances
- § 64.2-535
- When sale and conveyance within one year valid against creditors; proceeds paid to special commissioner; bond to obtain proceeds
- § 64.2-536
- Liability of heir or devisee; action by personal representative or creditor; recording notice of lis pendens; evidence
- § 64.2-537
- Action to enforce claim of less than $100; notice
- § 64.2-538
- Lien acquired during lifetime of decedent not affected
- § 64.2-455
- Wills to be recorded; recording copies; effect; transfer to the Library of Virginia
- § 64.2-456
- Bona fide purchaser of real estate without notice of devise protected
- § 64.2-457
- Bona fide purchaser of real estate without notice of devise protected; later will
- § 64.2-458
- Bona fide purchaser of real estate without notice of devise protected; intestacy
- § 64.2-752
- Settlor's powers; powers of withdrawal
- § 64.2-1055
- Insubstantial allocation not required
- § 64.2-1056
- Deferred compensation, annuity, or similar payment
- § 64.2-1057
- Liquidating asset
- § 64.2-1058
- Minerals, water, and other natural resources
- § 64.2-1059
- Timber
- § 64.2-1060
- Marital deduction property not productive of income
- § 64.2-1061
- Derivative or option
- § 64.2-1062
- Asset-backed security
- § 64.2-1063
- Other financial instrument or arrangement
- § 64.2-1030
- Repealed
- Article 7. Allocation of DisbursementsRead all
- § 64.2-1064
- Disbursement from income
- § 64.2-1065
- Disbursement from principal
- § 64.2-1066
- Transfer from income to principal for depreciation
- § 64.2-1067
- Reimbursement of income from principal
- § 64.2-1068
- Reimbursement of principal from income
- § 64.2-1069
- Income taxes
- § 64.2-1070
- Adjustment between income and principal because of taxes
- § 64.2-756
- Cotrustees
- § 64.2-539
- Definitions
- § 64.2-540
- Apportionment required
- § 64.2-541
- Recovery by executor when part of estate not in his possession
- § 64.2-542
- Transfers not required until tax ascertained or security given
- § 64.2-543
- Contrary provisions of will or other instrument to govern
- § 64.2-544
- Construction of direction to pay all taxes imposed on account of testator's death
- § 64.2-754
- Accepting or declining trusteeship
- § 64.2-755
- Trustee's bond
- § 64.2-757
- Vacancy in trusteeship; appointment of successor
- § 64.2-758
- Resignation of trustee
- § 64.2-759
- Removal of trustee
- § 64.2-760
- Delivery of property by former trustee
- § 64.2-761
- Compensation of trustee
- § 64.2-762
- Reimbursement of expenses
- Article 8. Duties and Powers of TrusteeRead all
- § 64.2-763
- Duty to administer trust and invest
- § 64.2-764
- Duty of loyalty
- § 64.2-765
- Impartiality
- § 64.2-767
- Costs of administration
- § 64.2-768
- Trustee's skills
- § 64.2-769
- Delegation by trustee
- § 64.2-771
- Control and protection of trust property
- § 64.2-772
- Recordkeeping and identification of trust property
- § 64.2-773
- Enforcement and defense of claims
- § 64.2-774
- Collecting trust property
- § 64.2-775
- Duty to inform and report
- § 64.2-776
- Discretionary powers; tax savings
- § 64.2-777
- General powers of trustee
- § 64.2-779
- Distribution upon termination
- § 64.2-545
- Transfer of assets to administrator de bonis non; administration of assets
- § 64.2-546
- Action against representative of executor for waste
- § 64.2-547
- Revival of judgment by administrator de bonis non
- § 64.2-548
- Action against surety of personal representative; procedure
- § 64.2-549
- Liability of personal representative or his surety
- § 64.2-778.1
- Repealed
- § 64.2-770
- Repealed
- § 64.2-766
- Prudent administration
- § 64.2-1071
- Determination and distribution of net income
- § 64.2-1072
- Distribution to successor beneficiary
- § 64.2-778
- Specific powers of trustee
- Article 8.1. Uniform Trust Decanting ActRead all
- § 64.2-779.5
- Notice; exercise of decanting power
- § 64.2-779.1
- Scope
- § 64.2-779.2
- Fiduciary duty
- § 64.2-779.3
- Application; governing law
- § 64.2-779.4
- Reasonable reliance
- § 64.2-779.6
- Court involvement
- § 64.2-779.7
- Formalities
- § 64.2-779.8
- Decanting power under expanded distributive discretion
- § 64.2-779.9
- Decanting power under limited distributive discretion
- § 64.2-779.10
- Trust for beneficiary with disability
- § 64.2-779.11
- Protection of charitable interest
- § 64.2-779.12
- Trust limitation on decanting
- § 64.2-779.13
- Change in compensation
- § 64.2-779.14
- Relief from liability and indemnification
- § 64.2-779.15
- Removal or replacement of authorized fiduciary
- § 64.2-779.16
- Tax-related provisions
- § 64.2-779.17
- Duration of second trust
- § 64.2-779.18
- Need to distribute not required
- § 64.2-779.19
- Savings provision
- § 64.2-779.20
- Trust for care of animal
- § 64.2-779.21
- Terms of second trust
- § 64.2-779.22
- Settlor
- § 64.2-779.23
- Later-discovered property
- § 64.2-779.24
- Obligations
- § 64.2-779.25
- Accountings
- Article 8.2. Uniform Directed Trust ActRead all
- § 64.2-779.26
- Definitions
- § 64.2-779.27
- Application
- § 64.2-779.28
- Exclusions
- § 64.2-779.29
- Powers of trust director
- § 64.2-779.30
- Limitations on trust director
- § 64.2-779.31
- Duty and liability of trust director
- § 64.2-779.32
- Duty and liability of directed trustee
- § 64.2-779.33
- Duty to provide information to trust director or trustee
- § 64.2-779.34
- No duty to monitor, inform, or advise
- § 64.2-779.35
- Limitation of action against trust director
- § 64.2-779.36
- Defenses in action against trust director
- § 64.2-779.37
- Jurisdiction over trust director
- § 64.2-779.38
- Office of trust director
- Article 9. Settlement of Accounts and DistributionRead all
- § 64.2-556
- Order to creditors to show cause against distribution of estate to legatees or distributees; liability of legatees or distributees to refund
- § 64.2-1073
- When right to income begins and ends
- § 64.2-1074
- Apportionment of receipts and disbursements when decedent dies or income interest begins
- § 64.2-1075
- Apportionment when income interest ends
- § 64.2-550
- Proceedings for receiving proof of debts by commissioners of accounts
- § 64.2-551
- Account of debts by commissioners of accounts
- § 64.2-552
- How claims filed before commissioners of accounts; tolling of limitations period
- § 64.2-553
- When court to order payment of debts
- § 64.2-554
- When distribution may be required; refunding bond
- § 64.2-555
- When fiduciaries are protected by refunding bonds
- § 64.2-557
- Form for notice to show cause under § 64.2-556
- § 64.2-558
- Distribution to persons standing in loco parentis to certain beneficiaries
- § 64.2-780
- Definition of terms
- § 64.2-781
- Prudent investor rule
- § 64.2-782
- Standard of care; portfolio strategy; risk and return objectives
- § 64.2-783
- Diversification by trustee
- § 64.2-784
- Duties at inception of trusteeship
- § 64.2-785
- Loyalty and impartiality
- § 64.2-786
- Investment costs
- § 64.2-787
- Reviewing compliance
- § 64.2-788
- Delegation of investment and management functions
- § 64.2-789
- Language invoking standard of article
- § 64.2-790
- Application to existing trusts
- § 64.2-791
- Uniformity of application and construction
- Article 10. Liability of Trustees and Rights of Persons Dealing with TrusteeRead all
- § 64.2-792
- Remedies for breach of trust
- § 64.2-793
- Damages for breach of trust
- § 64.2-794
- Damages in absence of breach
- § 64.2-795
- Attorney fees and costs
- § 64.2-796
- Limitation of action against trustee
- § 64.2-797
- Reliance on trust instrument
- § 64.2-798
- Event affecting administration or distribution
- § 64.2-799
- Exculpation of trustee
- § 64.2-801
- Limitation on personal liability of trustee
- § 64.2-802
- Interest as general partner
- § 64.2-803
- Protection of person dealing with trustee
- § 64.2-804
- Certification of trust
- § 64.2-1076
- Uniformity of application and construction
- § 64.2-1077
- Relation to Electronic Signatures in Global and National Commerce Act
- § 64.2-1078
- Application to trust or estate
- § 64.2-800
- Beneficiary's consent, release, or ratification
- Article 11. Miscellaneous ProvisionsRead all
- § 64.2-805
- Uniformity of application and construction
- § 64.2-806
- Electronic records and signatures
- § 64.2-807
- Repealed
- § 64.2-808
- Application to existing relationships
