ACT NO. 213
Decedents' estates; trusts and trustees
This act establishes the intent of the General Assembly in passing legislation in 2004 allowing the replacement of trustees upon petition by a beneficiary or co-trustee was to have the statute apply to trusts existing at the time as well as trusts created after passage of the original act. A court may order trustees who are replaced upon petition to reimburse the trust for attorney fees and court costs paid by the trust relating to the action. This act also provides the probate court with a fee of $50.00 for removal of a trustee of trusts under $20,000.00, $100.00 for trusts of more than $20,000.00, and $75.00 for a petition concerning advance directives.
Effective Date: July 1, 2006
The Vermont General Assembly
115 State Street