Code of Virginia § 64.2-798. Event affecting administration or distribution.
60 words·~1 min read·
/va/title-64-2/chapter-7/64-2-798A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the happening of an event, including marriage, divorce, performance of educational requirements, or death, affects the administration or distribution of a trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge.
2005, c. 935 , § 55-550.07; 2012, c. 614 .