The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 14 V.S.A. § 3216)
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§ 3216. Other transfer by fiduciary
(a) Subject to subsection (c) of this section, a personal representative or trustee may
make an irrevocable transfer to another adult or trust company as custodian for the
benefit of a minor, pursuant to section 3219 of this title, in the absence of a will or under a will or trust that does not contain an authorization
to do so.
(b) Subject to subsection (c) of this section, a financial guardian may make an irrevocable
transfer to another adult or trust company as custodian for the benefit of the minor,
pursuant to section 3219 of this title.
(c) A transfer under subsection (a) or (b) of this section may be made only if:
(1) the personal representative, trustee, or financial guardian considers the transfer
to be in the best interest of the minor;
(2) the transfer is not prohibited by or inconsistent with provisions of the applicable
will, trust agreement, or other governing instrument; and
(3) the transfer is authorized by the court if it exceeds $10,000.00 in value. (Added 2015, No. 7, § 1.)