Uniform Trust Decanting Act

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This is Article 8.1 of the Code of Virginia, titled “Uniform Trust Decanting Act.” It is part of Chapter 7 “Uniform Trust Code”, which is part of Subtitle III “Trusts”, which is part of Title 64.2 “Wills, Trusts, and Fiduciaries”.

It’s comprised of the following 25 sections.

§ 64.2-779.1 Scope
§ 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
§ 64.2-779.2 Fiduciary duty
§ 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
§ 64.2-779.3 Application; governing law
§ 64.2-779.4 Reasonable reliance
§ 64.2-779.5 Notice; exercise of decanting power
§ 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