If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries' respective interests.
Va. Code Ann. § 64.2-765
Impartiality
Applied in 1 court decision — leading case Trimmer v. Savage (2014)
Most recently applied in Trimmer v. Savage (July 2014)
2005, c. 935, § 55-548.03; 2012, c. 614.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.