West Virginia Uniform Directed Trust Act

The Uniform Directed Trust Act governs trusts in which a person other than the trustee — a trust director — holds power over some aspect of the trust, and the trustee is expected to act at that person's direction. It defines the scope of and limits on a trust director's powers and allocates fiduciary duty and liability between the director and the directed trustee, including their obligations to share information with one another and the absence of any general duty to monitor, inform, or advise. It also covers how those rules apply where cotrustees are involved, the time limits and defenses available in actions brought against a trust director, personal jurisdiction over directors, and the mechanics of the office of trust director itself.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.