A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.
Vt. Stat. Ann. tit. 14A, § 404
Trust purposes
Known as the Vermont Trust Code
The act spans §§ 14A-1001 to 14A-908 (107 sections).
Added 2009, No. 20, § 1.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.