A trustee or other person who reasonably relies on the validity of a distribution of part or all of the property of a trust to another trust, or a modification of a trust, under this chapter, law of this State other than this chapter, or the law of another jurisdiction is not liable to any person for any action or failure to act as a result of the reliance.
Vt. Stat. Ann. tit. 14A, § 1406
Reasonable reliance
Known as the Uniform Trust Decanting Act
The act spans §§ 14A-1401 to 14A-1429 (29 sections).
Added 2023, No. 177 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.