Vermont Statutes Title 14 Sec. 417
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Terms Used In Vermont Statutes Title 14 Sec. 417
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
§ 417. Combination and division of trusts
After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust. (Added 2009, No. 20, § 1.)