A. A trustee, without authorization by the court, may exercise:
1. Powers conferred by the terms of the trust; and
2. Except as limited by the terms of the trust:
a. All powers over the trust property that an unmarried competent owner hasover individually owned property;
b. Any other powers appropriate to achieve the proper investment, management,and distribution of the trust property; and
c. Any other powers conferred by this chapter.
B. The exercise of a power is subject to the fiduciary duties prescribed bythis article.
C. Any reference in a trust instrument incorporating the powers authorizedunder § 64.1-57 shall not be construed to limit powers a trustee may exercisepursuant to this section, unless the settlor expressly states in the trustinstrument that such reference should be so construed.
A. A trustee, without authorization by the court, may exercise:
1. Powers conferred by the terms of the trust; and
2. Except as limited by the terms of the trust:
a. All powers over the trust property that an unmarried competent owner hasover individually owned property;
b. Any other powers appropriate to achieve the proper investment, management,and distribution of the trust property; and
c. Any other powers conferred by this chapter.
B. The exercise of a power is subject to the fiduciary duties prescribed bythis article.
C. Any reference in a trust instrument incorporating the powers authorizedunder § 64.1-57 shall not be construed to limit powers a trustee may exercisepursuant to this section, unless the settlor expressly states in the trustinstrument that such reference should be so construed.
A. A trustee, without authorization by the court, may exercise:
1. Powers conferred by the terms of the trust; and
2. Except as limited by the terms of the trust:
a. All powers over the trust property that an unmarried competent owner hasover individually owned property;
b. Any other powers appropriate to achieve the proper investment, management,and distribution of the trust property; and
c. Any other powers conferred by this chapter.
B. The exercise of a power is subject to the fiduciary duties prescribed bythis article.
C. Any reference in a trust instrument incorporating the powers authorizedunder § 64.1-57 shall not be construed to limit powers a trustee may exercisepursuant to this section, unless the settlor expressly states in the trustinstrument that such reference should be so construed.
