An authorized fiduciary may exercise the decanting power whether or not under the first trust’s discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise.
Vt. Stat. Ann. tit. 14A, § 1421
Need to distribute not required
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.