The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
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Title 14A : Trusts
Chapter 008 : Duties and Powers of Trustee
(Cite as: 14A V.S.A. § 815)-
§ 815. General powers of trustee
(a) A trustee, without authorization by the Probate Division of the Superior Court, may exercise:
(1) powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust:
(A) all powers over the trust property which an unmarried competent owner has over individually owned property;
(B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(C) any other powers conferred by this title.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this chapter. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)
