{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-772.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-772.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-772.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-772.html"}],"law_id":84356,"edition_id":1,"section_id":84356,"structure_id":12989,"section_number":"64.2-772","catch_line":"Recordkeeping and identification of trust property","history":"2005, c. 935, \u00a7 55-548.10; 2007, c. 197; 2012, c. 614.","full_text":"A\n\nA trustee shall keep adequate records of the administration of the trust.B\n\nA trustee shall keep trust property separate from the trustee&#8217;s own property.C\n\nExcept as otherwise provided in subsection D, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.D\n\nIf the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.E\n\nA deed or other instrument purporting to convey or transfer real or personal property to a trust instead of to the trustee or trustees of the trust shall be deemed to convey or transfer such property to the trustee or trustees as fully as if made directly to the trustee or trustees.","order_by":null,"text":{"0":{"id":302329,"text":"A trustee shall keep adequate records of the administration of the trust.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":302330,"text":"A trustee shall keep trust property separate from the trustee&#8217;s own property.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":302331,"text":"Except as otherwise provided in subsection D, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":302332,"text":"If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":302333,"text":"A deed or other instrument purporting to convey or transfer real or personal property to a trust instead of to the trustee or trustees of the trust shall be deemed to convey or transfer such property to the trustee or trustees as fully as if made directly to the trustee or trustees.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":12989,"edition_id":1,"name":"Duties and Powers of Trustee","identifier":"8","label":"article","depth":4,"order_by":1,"parent_id":12725,"metadata":{},"date_created":"2026-06-26 03:44:06","date_modified":"2026-06-26 03:44:06","permalink":{"id":274455,"object_type":"structure","relational_id":12989,"identifier":"8","token":"64.2\/III\/7\/8","url":"\/64.2\/III\/7\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12725,"edition_id":1,"name":"Uniform Trust Code","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":12724,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":274107,"object_type":"structure","relational_id":12725,"identifier":"7","token":"64.2\/III\/7","url":"\/64.2\/III\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12724,"edition_id":1,"name":"Trusts","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":273811,"object_type":"structure","relational_id":12724,"identifier":"III","token":"64.2\/III","url":"\/64.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65102,"structure_id":12989,"section_number":"64.2-763","catch_line":"Duty to administer trust and invest","url":"\/64.2-763\/","token":"64.2\/III\/7\/8\/64.2-763","metadata":false},{"id":58429,"structure_id":12989,"section_number":"64.2-764","catch_line":"Duty of loyalty","url":"\/64.2-764\/","token":"64.2\/III\/7\/8\/64.2-764","metadata":false},{"id":64366,"structure_id":12989,"section_number":"64.2-765","catch_line":"Impartiality","url":"\/64.2-765\/","token":"64.2\/III\/7\/8\/64.2-765","metadata":false},{"id":71701,"structure_id":12989,"section_number":"64.2-766","catch_line":"Prudent administration","url":"\/64.2-766\/","token":"64.2\/III\/7\/8\/64.2-766","metadata":false},{"id":78963,"structure_id":12989,"section_number":"64.2-767","catch_line":"Costs of administration","url":"\/64.2-767\/","token":"64.2\/III\/7\/8\/64.2-767","metadata":false},{"id":54069,"structure_id":12989,"section_number":"64.2-768","catch_line":"Trustee's skills","url":"\/64.2-768\/","token":"64.2\/III\/7\/8\/64.2-768","metadata":false},{"id":87228,"structure_id":12989,"section_number":"64.2-769","catch_line":"Delegation by trustee","url":"\/64.2-769\/","token":"64.2\/III\/7\/8\/64.2-769","metadata":false},{"id":80013,"structure_id":12989,"section_number":"64.2-770","catch_line":"Repealed","url":"\/64.2-770\/","token":"64.2\/III\/7\/8\/64.2-770","metadata":false},{"id":86531,"structure_id":12989,"section_number":"64.2-771","catch_line":"Control and protection of trust property","url":"\/64.2-771\/","token":"64.2\/III\/7\/8\/64.2-771","metadata":false},{"id":84356,"structure_id":12989,"section_number":"64.2-772","catch_line":"Recordkeeping and identification of trust property","url":"\/64.2-772\/","token":"64.2\/III\/7\/8\/64.2-772","metadata":false},{"id":86060,"structure_id":12989,"section_number":"64.2-773","catch_line":"Enforcement and defense of claims","url":"\/64.2-773\/","token":"64.2\/III\/7\/8\/64.2-773","metadata":false},{"id":56796,"structure_id":12989,"section_number":"64.2-774","catch_line":"Collecting trust property","url":"\/64.2-774\/","token":"64.2\/III\/7\/8\/64.2-774","metadata":false},{"id":83323,"structure_id":12989,"section_number":"64.2-775","catch_line":"Duty to inform and report","url":"\/64.2-775\/","token":"64.2\/III\/7\/8\/64.2-775","metadata":false},{"id":63636,"structure_id":12989,"section_number":"64.2-776","catch_line":"Discretionary powers; tax savings","url":"\/64.2-776\/","token":"64.2\/III\/7\/8\/64.2-776","metadata":false},{"id":71035,"structure_id":12989,"section_number":"64.2-777","catch_line":"General powers of trustee","url":"\/64.2-777\/","token":"64.2\/III\/7\/8\/64.2-777","metadata":false},{"id":71830,"structure_id":12989,"section_number":"64.2-778","catch_line":"Specific powers of trustee","url":"\/64.2-778\/","token":"64.2\/III\/7\/8\/64.2-778","metadata":false},{"id":64838,"structure_id":12989,"section_number":"64.2-778.1","catch_line":"Repealed","url":"\/64.2-778.1\/","token":"64.2\/III\/7\/8\/64.2-778.1","metadata":false},{"id":67100,"structure_id":12989,"section_number":"64.2-779","catch_line":"Distribution upon termination","url":"\/64.2-779\/","token":"64.2\/III\/7\/8\/64.2-779","metadata":false}],"previous_section":{"id":86531,"structure_id":12989,"section_number":"64.2-771","catch_line":"Control and protection of trust property","url":"\/64.2-771\/","token":"64.2\/III\/7\/8\/64.2-771","metadata":false},"next_section":{"id":86060,"structure_id":12989,"section_number":"64.2-773","catch_line":"Enforcement and defense of claims","url":"\/64.2-773\/","token":"64.2\/III\/7\/8\/64.2-773","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-772\/","history_text":"<p>This law was first created in 2005. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?051+ful+CHAP0935\">935<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2007, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?071+ful+CHAP0197\">197<\/a>; in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0614\">614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":274493,"object_type":"law","relational_id":84356,"identifier":"64.2-772","token":"64.2\/III\/7\/8\/64.2-772","url":"\/64.2-772\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-772\/","token":"64.2\/III\/7\/8\/64.2-772","dublin_core":{"Title":"Recordkeeping and identification of trust property","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-772","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A <span class=\"dictionary\">trustee<\/span> shall keep adequate <span class=\"dictionary\">records<\/span> of the administration of the trust. <a id=\"paragraph-302329\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-772\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> A <span class=\"dictionary\">trustee<\/span> shall keep trust <span class=\"dictionary\">property<\/span> separate from the <span class=\"dictionary\">trustee<\/span>&#8217;s own <span class=\"dictionary\">property<\/span>. <a id=\"paragraph-302330\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-772\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> Except as otherwise provided in subsection D, a <span class=\"dictionary\">trustee<\/span> shall cause the trust <span class=\"dictionary\">property<\/span> to be designated so that the interest of the trust, to the extent feasible, appears in <span class=\"dictionary\">records<\/span> maintained by a <span class=\"dictionary\">party<\/span> other than a <span class=\"dictionary\">trustee<\/span> or <span class=\"dictionary\">beneficiary<\/span>. <a id=\"paragraph-302331\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-772\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> If the <span class=\"dictionary\">trustee<\/span> maintains <span class=\"dictionary\">records<\/span> clearly indicating the respective interests, a <span class=\"dictionary\">trustee<\/span> may invest as a whole the <span class=\"dictionary\">property<\/span> of two or more separate trusts. <a id=\"paragraph-302332\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-772\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> A deed or other instrument purporting to convey or transfer real or personal <span class=\"dictionary\">property<\/span> to a trust instead of to the <span class=\"dictionary\">trustee<\/span> or <span class=\"dictionary\">trustees<\/span> of the trust shall be deemed to convey or transfer such <span class=\"dictionary\">property<\/span> to the <span class=\"dictionary\">trustee<\/span> or <span class=\"dictionary\">trustees<\/span> as fully as if made directly to the <span class=\"dictionary\">trustee<\/span> or <span class=\"dictionary\">trustees<\/span>. <a id=\"paragraph-302333\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-772\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nRECORDKEEPING AND IDENTIFICATION OF TRUST PROPERTY (\u00a7 64.2-772)\n\nA. A trustee shall keep adequate records of the administration of the trust.\n\nB. A trustee shall keep trust property separate from the trustee&#8217;s own\nproperty.\n\nC. Except as otherwise provided in subsection D, a trustee shall cause the trust\nproperty to be designated so that the interest of the trust, to the extent\nfeasible, appears in records maintained by a party other than a trustee or\nbeneficiary.\n\nD. If the trustee maintains records clearly indicating the respective interests,\na trustee may invest as a whole the property of two or more separate trusts.\n\nE. A deed or other instrument purporting to convey or transfer real or personal\nproperty to a trust instead of to the trustee or trustees of the trust shall be\ndeemed to convey or transfer such property to the trustee or trustees as fully\nas if made directly to the trustee or trustees.\n\nHISTORY: 2005, c. 935, \u00a7 55-548.10; 2007, c. 197; 2012, c. 614.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}