Virginia § 64.2-762 Reimbursement of expenses

Virginia Statutes

§ 64.2-762 — Reimbursement of expenses

Virginia § 64.2-762

JurisdictionVirginia

Title 64.2WILLS, TRUSTS, AND FIDUCIARIES

Subtitle IIITRUSTS

Ch. 7UNIFORM TRUST CODE

Art. 7OFFICE OF TRUSTEE

This text of Virginia § 64.2-762 (Reimbursement of expenses) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 64.2-762 (2026).

Text

A.A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:

1.Expenses that were properly incurred in the administration of the trust; and

2.To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.

B.An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.

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A. A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:

1. Expenses that were properly incurred in the administration of the trust; and

2. To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.

B. An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.