Vermont § 414 - Modification or termination of uneconomic trust
Full text of Vermont Vermont Statutes Online § 414 — Modification or termination of uneconomic trust, with citation guidance and answers to common questions.
§ 414. Modification or termination of uneconomic trust
- (a) After notice to the qualified beneficiaries, the trustee of a trust consisting of
trust property having a total value less than $100,000.00 may terminate the trust
if the trustee concludes that the value of the trust property is insufficient to justify
the cost of administration. (b) The Probate Division of the Superior Court may modify or terminate a trust or remove
the trustee and appoint a different trustee if it determines that the value of the
trust property is insufficient to justify the cost of administration. (c) Upon termination of a trust under this section, the trustee shall distribute the trust
property as directed by the Probate Division of the Superior Court or otherwise in
a manner consistent with the purposes of the trust. (d) This section does not apply to an easement for conservation or preservation. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 414
What does Vermont Statutes Online § 414 cover?
Section 414 ("Modification or termination of uneconomic 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 § 414?
A common citation format is "Vermont Statutes Online § 414" (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 § 414 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.