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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 15 : Domestic Relations

Chapter 011 : ANNULMENT AND DIVORCE

Subchapter 006 : Property Settlement; Maintenance

(Cite as: 15 V.S.A. § 756)
  • § 756. Court may order money paid to trustees

    When part of the estate of either spouse, or money in lieu thereof, is awarded to the spouse having custody, as provided in this subchapter and sections 291, 293, and 294 of this title, instead of ordering the same to be delivered or paid into the hands of the custodial spouse, the court may order it delivered or paid to one or more trustees appointed by the court. The trustees shall invest the same and apply the income thereof to the support and maintenance of the custodial spouse and minor children of the civil marriage or any of them, in such manner as the court directs, and shall pay over the principal to the custodial spouse and children in such proportions and at such times as shall be ordered by the court. In the disposition of the income and of the principal, regard shall be had to the situation and circumstances of the custodial spouse and children, and the trustees shall give such bonds as the court requires for the faithful performance of their trust. (Amended 1981, No. 247 (Adj. Sess.), § 11; 2009, No. 3, § 12a, eff. Sept. 1, 2009.)