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. § 1204)
-
§ 1204. Application to existing relationships
(a) Except as otherwise provided in this title, on the effective date of this title:
(1) this title applies to all trusts created before, on, or after its effective date;
(2) this title applies to all judicial proceedings concerning trusts commenced on or after
its effective date;
(3) this title applies to judicial proceedings concerning testamentary trusts commenced
before its effective date except that accountings shall continue to be due from the
trustees of such trusts in the same manner and in the same frequency as required by
the Probate Division of the Superior Court prior to this title unless otherwise ordered
by the Probate Division of the Superior Court;
(4) this title applies to all other judicial proceedings concerning trusts commenced before
its effective date unless the Probate Division of the Superior Court finds that application
of a particular provision of this title would substantially interfere with the effective
conduct of the judicial proceedings or prejudice the rights of the parties, in which
case the particular provision of this title does not apply and the superseded law
applies;
(5) any rule of construction or presumption provided in this title applies to trust instruments
executed before the effective date of this title unless there is a clear indication
of a contrary intent in the terms of the trust; and
(6) an act done before the effective date of this title is not affected by this title.
(b) If a right is acquired, extinguished, or barred upon the expiration of a prescribed
period that has commenced to run under any other statute before the effective date
of this title, that statute continues to apply to the right even if it has been repealed
or superseded. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)