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: 14A V.S.A. § 414)
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§ 414. Modification or termination of uneconomic trust
(a) After notice to the qualified beneficiaries, the trustee of a trust consisting of
trust property having a total value less than $100,000.00 may terminate the trust
if the trustee concludes that the value of the trust property is insufficient to justify
the cost of administration.
(b) The Probate Division of the Superior Court may modify or terminate a trust or remove
the trustee and appoint a different trustee if it determines that the value of the
trust property is insufficient to justify the cost of administration.
(c) Upon termination of a trust under this section, the trustee shall distribute the trust
property as directed by the Probate Division of the Superior Court or otherwise in
a manner consistent with the purposes of the trust.
(d) This section does not apply to an easement for conservation or preservation. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)