Vermont § 1426 - Later-discovered property
Full text of Vermont Vermont Statutes Online § 1426 — Later-discovered property, with citation guidance and answers to common questions.
§ 1426. Later-discovered property
- (a) Except as otherwise provided in subsection (c) of this section, if exercise of the
decanting power was intended to distribute all the principal of the first trust to
one or more second trusts, later discovered property belonging to the first trust
and property paid to or acquired by the first trust after the exercise of the power
is part of the trust estate of the second trust or trusts. (b) Except as otherwise provided in subsection (c) of this section, if exercise of the
decanting power was intended to distribute less than all the principal of the first
trust to one or more second trusts, later-discovered property belonging to the first
trust or property paid to or acquired by the first trust after exercise of the power
remains part of the trust estate of the first trust. (c) An authorized fiduciary may provide in an exercise of the decanting power or by the
terms of a second trust for disposition of later-discovered property belonging to
the first trust or property paid to or acquired by the first trust after exercise
of the power. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1426
What does Vermont Statutes Online § 1426 cover?
Section 1426 ("Later-discovered property") 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 § 1426?
A common citation format is "Vermont Statutes Online § 1426" (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 § 1426 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.