Virginia Code 64.2-786: Investment costs.
Current as of: 2024 | Check for updates
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In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Terms Used In Virginia Code 64.2-786
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trust: includes the assets under the control or management of the trustee. See Virginia Code 64.2-780
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes any fiduciary as defined in § Virginia Code 64.2-780