- Stage
- Became law
- Started in
- House
- Latest action
- Apr 2, 2024
What it does
Termination of trust; notice requirements.Provides that a trustee seeking to terminate a trust may do so withouta court order, provided that the trustee sends notice, subject tocertain provisions enumerated in the bill, to any qualified beneficiariesor cotrustees. The bill also provides that a qualified beneficiaryor cotrustee who objects to the termination of the trust may provideto the trustee seeking to terminate the trust written notice of suchobjection within 60 days of receipt of the notice of termination.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
It is law in Virginia. What happens now is up to the agency that carries it out, the courts, and the place itself.