Article

Uniform Trust Decanting Act

Va. Code Ann. § 64.2-779.1— Scope
Va. Code Ann. § 64.2-779.2— Fiduciary duty
Va. Code Ann. § 64.2-779.3— Application; governing law
Va. Code Ann. § 64.2-779.4— Reasonable reliance
Va. Code Ann. § 64.2-779.5— Notice; exercise of decanting power
Va. Code Ann. § 64.2-779.6— Court involvement
Va. Code Ann. § 64.2-779.7— Formalities
Va. Code Ann. § 64.2-779.8— Decanting power under expanded distributive discretion
Va. Code Ann. § 64.2-779.9— Decanting power under limited distributive discretion
Va. Code Ann. § 64.2-779.10— Trust for beneficiary with disability
Va. Code Ann. § 64.2-779.11— Protection of charitable interest
Va. Code Ann. § 64.2-779.12— Trust limitation on decanting
Va. Code Ann. § 64.2-779.13— Change in compensation
Va. Code Ann. § 64.2-779.14— Relief from liability and indemnification
Va. Code Ann. § 64.2-779.15— Removal or replacement of authorized fiduciary
Va. Code Ann. § 64.2-779.16— Tax-related provisions
Va. Code Ann. § 64.2-779.17— Duration of second trust
Va. Code Ann. § 64.2-779.18— Need to distribute not required
Va. Code Ann. § 64.2-779.19— Savings provision
Va. Code Ann. § 64.2-779.20— Trust for care of animal
Va. Code Ann. § 64.2-779.21— Terms of second trust
Va. Code Ann. § 64.2-779.22— Settlor
Va. Code Ann. § 64.2-779.23— Later-discovered property
Va. Code Ann. § 64.2-779.24— Obligations
Va. Code Ann. § 64.2-779.25— Accountings