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Sant Aprantisaj Administratè a

Aprann sa lwa Vijini reyèlman di — nan langaj senp, sou vrè lwa yo — anvan ou deside anyen. Bibliyotèk la prezante lwa a epi li pa rekòmande anyen.

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Getting started · 6 min lekti

You were named successor trustee. What does Virginia law expect?

Accepting the office, the duties from day one, the two 60-day notices and the July 1, 2006 line, qualification for a trust under a will, and the estate beside the trust.

Core duties · 6 min lekti

The two notices, the duty to inform and the annual report under Virginia law

The acceptance and irrevocability notices, the standing duty to inform, the instrument on request, the annual report, the waiver and the July 1, 2006 line.

Core duties · 5 min lekti

Prudent administration and Virginia's prudent investor rule

Care, skill and caution; the review of the assets at the start; diversification; the waiver that needs express words; and no hindsight.

Distributions · 6 min lekti

Distributions, discretion and "per stirpes" under Virginia law

Discretion and its standard, when distribution waits, the reserve on termination, and how Virginia divides among descendants.

Money · 6 min lekti

Trustee compensation under Virginia law: reasonable, and on the record

The terms first, reasonable compensation where they are silent, the advance notice of a change, reimbursement, and the year's account before the Commissioner of Accounts.

The office · 5 min lekti

Serving as cotrustees under Virginia law

Majority decision, participation, delegation to a cotrustee, the duty to watch the others, the dissent, and a vacancy.

The office · 5 min lekti

Delegation, agents and professionals under Virginia law

What may be delegated, the care it takes, investment and management functions, and trust directors under Virginia's Uniform Directed Trust Act.

Core duties · 4 min lekti

Records, receipts and separate accounts under Virginia law

Adequate records, separate property, the report's four contents, and the vouchers a court account carries.

Disputes · 5 min lekti

When beneficiaries disagree: Virginia's tools

Settling by agreement, asking the court, mediation, removal, and what a court may order for a breach.

Closing · 6 min lekti

Ending a trust under Virginia law

Termination by the terms, by consent, or under $250,000 as uneconomic; the final report; the proposal; the reserve; and the release.

Sant Aprantisaj la se enfòmasyon jeneral sou lwa Vijini — se pa konsèy legal, e li pa ranplase konsèy yon avoka Vijini ki gen lisans sou reyalite pa ou. TrusteeClear se yon lojisyèl, pa yon kabinè avoka.