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 contains 25 laws.

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