                                 CODE OF VIRGINIA

NO DUTY TO MONITOR, INFORM, OR ADVISE (§ 64.2-779.34)

A. Unless the terms of a trust provide otherwise:

   1. A trustee does not have a duty to:
   				a. Monitor a trust director; or				b. Inform or give advice to a settlor,
   beneficiary, trustee, or trust director concerning an instance in which the
   trustee might have acted differently than the trust director; and

   2. By taking an action described in subdivision 1, a trustee does not assume
   the duty excluded by subdivision 1.

B. Unless the terms of a trust provide otherwise:

   1. A trust director does not have a duty to:
   				a. Monitor a trustee or another trust director; or				b. Inform or give
   advice to a settlor, beneficiary, trustee, or another trust director
   concerning an instance in which the trust director might have acted
   differently than a trustee or another trust director; and

   2. By taking an action described in subdivision 1, a trust director does not
   assume the duty excluded by subdivision 1.

HISTORY: 2020, c. 768.