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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>376495</law_id><section_number>64.2-786</section_number><catch_line>Investment costs</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="136" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="3" identifier="III">Trusts</unit><unit label="chapter" level="3" order_by="1" identifier="7">Uniform Trust Code</unit><unit label="article" level="4" order_by="10" identifier="9">Uniform Prudent Investor Act</unit></structure><text>
						<section><p>In investing and managing <span class="dictionary">trust</span> <span class="dictionary">assets</span>, a <span class="dictionary">trustee</span> may only incur costs that are appropriate and reasonable in relation to the <span class="dictionary">assets</span>, the purposes of the <span class="dictionary">trust</span>, and the skills of the <span class="dictionary">trustee</span>.</p></section></text><history>1999, c. 772, &#xA7; 26-45.8; 2012, c. 614.</history><metadata><court_decisions></court_decisions></metadata></law>
