Vermont § 1204 - Application to existing relationships

§ 1204. Application to existing relationships

• (a) Except as otherwise provided in this title, on the effective date of this title: (1) this title applies to all trusts created before, on, or after its effective date; (2) this title applies to all judicial proceedings concerning trusts commenced on or after
  its effective date; (3) this title applies to judicial proceedings concerning testamentary trusts commenced
  before its effective date except that accountings shall continue to be due from the
  trustees of such trusts in the same manner and in the same frequency as required by
  the Probate Division of the Superior Court prior to this title unless otherwise ordered
  by the Probate Division of the Superior Court; (4) this title applies to all other judicial proceedings concerning trusts commenced before
  its effective date unless the Probate Division of the Superior Court finds that application
  of a particular provision of this title would substantially interfere with the effective
  conduct of the judicial proceedings or prejudice the rights of the parties, in which
  case the particular provision of this title does not apply and the superseded law
  applies; (5) any rule of construction or presumption provided in this title applies to trust instruments
  executed before the effective date of this title unless there is a clear indication
  of a contrary intent in the terms of the trust; and (6) an act done before the effective date of this title is not affected by this title. (b) If a right is acquired, extinguished, or barred upon the expiration of a prescribed
  period that has commenced to run under any other statute before the effective date
  of this title, that statute continues to apply to the right even if it has been repealed
  or superseded. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)