Vermont § 1002 - Damages for breach of trust
Full text of Vermont Vermont Statutes Online § 1002 — Damages for breach of trust, with citation guidance and answers to common questions.
§ 1002. Damages for breach of trust
- (a) A trustee who commits a breach of trust is liable to the beneficiaries affected for
the greater of: (1) the amount required to restore the value of the trust property and trust distributions
to what they would have been had the breach not occurred; or (2) the profit the trustee made by reason of the breach. (b) Except as otherwise provided in this subsection, if more than one trustee is liable
to the beneficiaries for a breach of trust, a trustee is entitled to contribution
from the other trustee or trustees. A trustee is not entitled to contribution if the
trustee was substantially more at fault than another trustee or if the trustee committed
the breach of trust in bad faith or with reckless indifference to the purposes of
the trust or the interests of the beneficiaries. A trustee who received a benefit
from the breach of trust is not entitled to contribution from another trustee to the
extent of the benefit received. (Added 2009, No. 20, § 1.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1002
What does Vermont Statutes Online § 1002 cover?
Section 1002 ("Damages for breach of trust") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1002?
A common citation format is "Vermont Statutes Online § 1002" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.