Va. Code Ann. tit. 64.2, ch. 7
Va. Code Ann. tit. 64.2, ch. 7
in effectContents
section64.2-700. Scopesection64.2-701. Definitionssection64.2-702. Knowledgesection64.2-703. Default and mandatory rulessection64.2-704. Common law of trusts; principles of equitysection64.2-705. Governing lawsection64.2-706. Principal place of administrationsection64.2-707. Methods and waiver of noticesection64.2-708. Others treated as qualified beneficiariessection64.2-709. Nonjudicial settlement agreementssection64.2-710. Role of court in administration of trustsection64.2-711. Jurisdiction over trustee and beneficiarysection64.2-712. Proceedings to appoint or remove trusteessection64.2-713. Pleadings; parties; orders; noticesection64.2-714. Representation; basic effectsection64.2-715. Representation by holder of general testamentary power of appointmentsection64.2-716. Representation by fiduciaries and parents or other ancestorssection64.2-717. Representation by person having substantially identical interestsection64.2-718. Appointment of representativesection64.2-719. Methods of creating trustsection64.2-720. Requirements for creationsection64.2-721. Trusts created in other jurisdictionssection64.2-722. Trust purposessection64.2-723. Charitable purposes; enforcementsection64.2-724. Creation of trust induced by fraud, duress, or undue influencesection64.2-724.1. Validity of trust or trust instrument; presumption of undue influencesection64.2-725. Evidence of oral trustsection64.2-726. Trust for care of animalsection64.2-727. Noncharitable trust without ascertainable beneficiarysection64.2-728. Modification or termination of trust; proceedings for approval or disapprovalsection64.2-729. Modification or termination of noncharitable irrevocable trust by consentsection64.2-730. Modification or termination because of unanticipated circumstances or inability to administer trust effectivelysection64.2-731. Cy pressection64.2-732. Modification or termination of uneconomic trustsection64.2-733. Reformation to correct mistakessection64.2-734. Modification to achieve settlor's tax objectivessection64.2-735. Combination and division of trustssection64.2-736. Amendment of trust where gift, grant, or will establishes private foundation or constitutes a charitable trust or a split-interest trustsection64.2-737. Distribution of income of trust that is a private foundation or a charitable trust; prohibitions as to such private foundationsection64.2-738. Prohibitions as to trust that is deemed a split-interest trustsection64.2-739. Application of §§ 64.2-737 and 64.2-738section64.2-740. Interpretation of references to Internal Revenue Code in §§ 64.2-736 through 64.2-739section64.2-741. Powers of courts not impaired by §§ 64.2-736 through 64.2-740section64.2-742. Rights of beneficiary's creditor or assigneesection64.2-743. Spendthrift provisionsection64.2-744. Exceptions to spendthrift provisionsection64.2-745. Certain claims for reimbursement for public assistancesection64.2-745.1. Self-settled spendthrift trustssection64.2-745.2. Definitions; right to withdrawsection64.2-746. Discretionary trusts; effect of standardsection64.2-747. Creditor's claim against settlorsection64.2-748. Overdue distributionsection64.2-749. Personal obligations of trusteesection64.2-750. Capacity of settlor of revocable trustsection64.2-751. Revocation or amendment of revocable trustsection64.2-752. Settlor's powers; powers of withdrawalsection64.2-753. Limitation on action contesting validity of revocable trust; distribution of trust propertysection64.2-754. Accepting or declining trusteeshipsection64.2-755. Trustee's bondsection64.2-756. Cotrusteessection64.2-757. Vacancy in trusteeship; appointment of successorsection64.2-758. Resignation of trusteesection64.2-759. Removal of trusteesection64.2-760. Delivery of property by former trusteesection64.2-761. Compensation of trusteesection64.2-762. Reimbursement of expensessection64.2-763. Duty to administer trust and investsection64.2-764. Duty of loyaltysection64.2-765. Impartialitysection64.2-766. Prudent administrationsection64.2-767. Costs of administrationsection64.2-768. Trustee's skillssection64.2-769. Delegation by trusteesection64.2-770. Repealedsection64.2-771. Control and protection of trust propertysection64.2-772. Recordkeeping and identification of trust propertysection64.2-773. Enforcement and defense of claimssection64.2-774. Collecting trust propertysection64.2-775. Duty to inform and reportsection64.2-776. Discretionary powers; tax savingssection64.2-777. General powers of trusteesection64.2-778. Specific powers of trusteesection64.2-778.1. Repealedsection64.2-779. Distribution upon terminationsection64.2-779.1. Scopesection64.2-779.2. Fiduciary dutysection64.2-779.3. Application; governing lawsection64.2-779.4. Reasonable reliancesection64.2-779.5. Notice; exercise of decanting powersection64.2-779.6. Court involvementsection64.2-779.7. Formalitiessection64.2-779.8. Decanting power under expanded distributive discretionsection64.2-779.9. Decanting power under limited distributive discretionsection64.2-779.10. Trust for beneficiary with disabilitysection64.2-779.11. Protection of charitable interestsection64.2-779.12. Trust limitation on decantingsection64.2-779.13. Change in compensationsection64.2-779.14. Relief from liability and indemnificationsection64.2-779.15. Removal or replacement of authorized fiduciarysection64.2-779.16. Tax-related provisionssection64.2-779.17. Duration of second trustsection64.2-779.18. Need to distribute not requiredsection64.2-779.19. Savings provisionsection64.2-779.20. Trust for care of animalsection64.2-779.21. Terms of second trustsection64.2-779.22. Settlorsection64.2-779.23. Later-discovered propertysection64.2-779.24. Obligationssection64.2-779.25. Accountingssection64.2-779.26. Definitionssection64.2-779.27. Applicationsection64.2-779.28. Exclusionssection64.2-779.29. Powers of trust directorsection64.2-779.30. Limitations on trust directorsection64.2-779.31. Duty and liability of trust directorsection64.2-779.32. Duty and liability of directed trusteesection64.2-779.33. Duty to provide information to trust director or trusteesection64.2-779.34. No duty to monitor, inform, or advisesection64.2-779.35. Limitation of action against trust directorsection64.2-779.36. Defenses in action against trust directorsection64.2-779.37. Jurisdiction over trust directorsection64.2-779.38. Office of trust directorsection64.2-780. Definition of termssection64.2-781. Prudent investor rulesection64.2-782. Standard of care; portfolio strategy; risk and return objectivessection64.2-783. Diversification by trusteesection64.2-784. Duties at inception of trusteeshipsection64.2-785. Loyalty and impartialitysection64.2-786. Investment costssection64.2-787. Reviewing compliancesection64.2-788. Delegation of investment and management functionssection64.2-789. Language invoking standard of articlesection64.2-790. Application to existing trustssection64.2-791. Uniformity of application and constructionsection64.2-792. Remedies for breach of trustsection64.2-793. Damages for breach of trustsection64.2-794. Damages in absence of breachsection64.2-795. Attorney fees and costssection64.2-796. Limitation of action against trusteesection64.2-797. Reliance on trust instrumentsection64.2-798. Event affecting administration or distributionsection64.2-799. Exculpation of trusteesection64.2-800. Beneficiary's consent, release, or ratificationsection64.2-801. Limitation on personal liability of trusteesection64.2-802. Interest as general partnersection64.2-803. Protection of person dealing with trusteesection64.2-804. Certification of trustsection64.2-805. Uniformity of application and constructionsection64.2-806. Electronic records and signaturessection64.2-807. Repealedsection64.2-808. Application to existing relationships
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/title64.2/chapter7/Fetched: 10/16/2026