Vermont § 1416 Change in compensation

Vermont Statutes

§ 1416 — Change in compensation

Vermont § 1416

Title 14ATitle 14A: Trusts

Ch. 14Chapter 014: Uniform Trust Decanting Act

This text of Vermont § 1416 (Change in compensation) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 14A, § 1416 (2026).

Text

(a)If a first-trust instrument specifies an authorized fiduciary’s compensation, the fiduciary shall not exercise the decanting power to increase the fiduciary’s compensation above the specified compensation unless:

(1)all qualified beneficiaries of the second trust consent to the increase in a signed record; or

(2)the increase is approved by the court.

(b)If a first-trust instrument does not specify an authorized fiduciary’s compensation, the fiduciary shall not exercise the decanting power to increase the fiduciary’s compensation above the compensation permitted by the Vermont Trust Code unless:

(1)all qualified beneficiaries of the second trust consent to the increase in a signed record; or

(2)the increase is approved by the court.

(c)A change in an authorized fiduciary’s compens

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(a) If a first-trust instrument specifies an authorized fiduciary’s compensation, the fiduciary shall not exercise the decanting power to increase the fiduciary’s compensation above the specified compensation unless:
(1) all qualified beneficiaries of the second trust consent to the increase in a signed record; or
(2) the increase is approved by the court.
(b) If a first-trust instrument does not specify an authorized fiduciary’s compensation, the fiduciary shall not exercise the decanting power to increase the fiduciary’s compensation above the compensation permitted by the Vermont Trust Code unless:
(1) all qualified beneficiaries of the second trust consent to the increase in a signed record; or
(2) the increase is approved by the court.
(c) A change in an authorized fiduciary’s compensation that is incidental to other changes made by the exercise of the decanting power is not an increase in the fiduciary’s compensation for purposes of subsections (a) and (b) of this section. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)