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.
Subchapter
005
:
ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST
(Cite as: 14 V.S.A. § 3371)
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§ 3371. Disbursements from income
A trustee shall make the following disbursements from income to the extent that they
are not disbursements to which subdivision 3331(2)(B) or (C) of this title applies:
(1) one-half of the regular compensation of the trustee and of any person providing investment
advisory or custodial services to the trustee;
(2) one-half of all expenses for accountings, judicial proceedings, or other matters that
involve both the income and remainder interests;
(3) all of the other ordinary expenses incurred in connection with the administration,
management, or preservation of trust property and the distribution of income, including
interest, ordinary repairs, regularly recurring taxes assessed against principal,
and expenses of a proceeding or other matter that concerns primarily the income interest;
and
(4) recurring premiums on insurance covering the loss of a principal asset or the loss
of income from or use of the asset. (Added 2011, No. 114 (Adj. Sess.), § 1.)