{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-775.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-775.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-775.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-775.html"}],"law_id":83323,"edition_id":1,"section_id":83323,"structure_id":12989,"section_number":"64.2-775","catch_line":"Duty to inform and report","history":"2005, c. 935, \u00a7 55-548.13; 2007, c. 254; 2012, c. 614.","full_text":"A\n\nA trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests. Unless unreasonable under the circumstances, a trustee shall promptly respond to a beneficiary’s request for information related to the administration of the trust. A trustee who fails to furnish information to a beneficiary or respond to a request for information regarding the administration of the trust in a good faith belief that to do so would be unreasonable under the circumstances or contrary to the purposes of the settlor shall not be subject to removal or other sanctions therefor.B\n\nA trustee:1\n\nUpon request of a beneficiary, shall promptly furnish to the beneficiary a copy of the trust instrument;2\n\nWithin 60 days after accepting a trusteeship, shall notify the qualified beneficiaries of the acceptance and of the trustee’s name, address, and telephone number;3\n\nWithin 60 days after the date the trustee acquires knowledge of the creation of an irrevocable trust, or the date the trustee acquires knowledge that a formerly revocable trust has become irrevocable, whether by the death of the settlor or otherwise, shall notify the qualified beneficiaries of the trust’s existence, of the identity of the settlor or settlors, of the right to request a copy of the trust instrument, and of the right to a trustee’s report as provided in subsection C; and4\n\nShall notify the qualified beneficiaries in advance of any change in the method or rate of the trustee’s compensation.C\n\nA trustee shall send to the distributees or permissible distributees of trust income or principal, and to other qualified or nonqualified beneficiaries who request it, at least annually and at the termination of the trust, a report of the trust property, liabilities, receipts, and disbursements, including the source and amount of the trustee’s compensation, a listing of the trust assets and, if feasible, their respective market values. Upon a vacancy in a trusteeship, unless a cotrustee remains in office, a report shall be sent to the qualified beneficiaries by the former trustee. A personal representative, conservator, or guardian may send the qualified beneficiaries a report on behalf of a deceased or incapacitated trustee.D\n\nA beneficiary may waive the right to a trustee’s report or other information otherwise required to be furnished under this section. A beneficiary, with respect to future reports and other information, may withdraw a waiver previously given.E\n\nSubdivisions B 2 and B 3 and subsection C apply only to an irrevocable trust created on or after the effective date of this chapter, and to a revocable trust that becomes irrevocable on or after the effective date of this chapter.","order_by":null,"text":{"0":{"id":298547,"text":"A trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests. Unless unreasonable under the circumstances, a trustee shall promptly respond to a beneficiary’s request for information related to the administration of the trust. A trustee who fails to furnish information to a beneficiary or respond to a request for information regarding the administration of the trust in a good faith belief that to do so would be unreasonable under the circumstances or contrary to the purposes of the settlor shall not be subject to removal or other sanctions therefor.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":298548,"text":"A trustee:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":298549,"text":"Upon request of a beneficiary, shall promptly furnish to the beneficiary a copy of the trust instrument;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":298550,"text":"Within 60 days after accepting a trusteeship, shall notify the qualified beneficiaries of the acceptance and of the trustee’s name, address, and telephone number;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":298551,"text":"Within 60 days after the date the trustee acquires knowledge of the creation of an irrevocable trust, or the date the trustee acquires knowledge that a formerly revocable trust has become irrevocable, whether by the death of the settlor or otherwise, shall notify the qualified beneficiaries of the trust’s existence, of the identity of the settlor or settlors, of the right to request a copy of the trust instrument, and of the right to a trustee’s report as provided in subsection C; and","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":298552,"text":"Shall notify the qualified beneficiaries in advance of any change in the method or rate of the trustee’s compensation.","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"C"},"6":{"id":298553,"text":"A trustee shall send to the distributees or permissible distributees of trust income or principal, and to other qualified or nonqualified beneficiaries who request it, at least annually and at the termination of the trust, a report of the trust property, liabilities, receipts, and disbursements, including the source and amount of the trustee’s compensation, a listing of the trust assets and, if feasible, their respective market values. Upon a vacancy in a trusteeship, unless a cotrustee remains in office, a report shall be sent to the qualified beneficiaries by the former trustee. A personal representative, conservator, or guardian may send the qualified beneficiaries a report on behalf of a deceased or incapacitated trustee.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B4","next_prefix":"D"},"7":{"id":298554,"text":"A beneficiary may waive the right to a trustee’s report or other information otherwise required to be furnished under this section. A beneficiary, with respect to future reports and other information, may withdraw a waiver previously given.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"8":{"id":298555,"text":"Subdivisions B 2 and B 3 and subsection C apply only to an irrevocable trust created on or after the effective date of this chapter, and to a revocable trust that becomes irrevocable on or after the effective date of this chapter.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-775\/","history_text":"

This law was first created in 2005. The record of its establishment is cataloged in chapter 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 254<\/a>; in 2012, chapter 614<\/a>.<\/p>","references":[{"id":80594,"section_number":"64.2-1038","catch_line":"Fiduciary's power to adjust","order_by":null,"url":"\/64.2-1038\/"},{"id":77403,"section_number":"64.2-700","catch_line":"Scope","order_by":null,"url":"\/64.2-700\/"},{"id":76542,"section_number":"64.2-708","catch_line":"Others treated as qualified beneficiaries","order_by":null,"url":"\/64.2-708\/"},{"id":58429,"section_number":"64.2-764","catch_line":"Duty of loyalty","order_by":null,"url":"\/64.2-764\/"},{"id":79308,"section_number":"64.2-800","catch_line":"Beneficiary's consent, release, or ratification","order_by":null,"url":"\/64.2-800\/"}],"refers_to":false,"permalink":{"id":274505,"object_type":"law","relational_id":83323,"identifier":"64.2-775","token":"64.2\/III\/7\/8\/64.2-775","url":"\/64.2-775\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-775\/","token":"64.2\/III\/7\/8\/64.2-775","dublin_core":{"Title":"Duty to inform and report","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-775","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A trustee<\/span> shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material<\/span> facts<\/span> necessary for them to protect their interests. Unless unreasonable under the circumstances, a trustee<\/span> shall promptly respond to a beneficiary<\/span>’s request for information related to the administration of the trust. A trustee<\/span> who fails to furnish information to a beneficiary<\/span> or respond to a request for information regarding the administration of the trust in a good faith belief that to do so would be unreasonable under the circumstances or contrary to the purposes of the settlor shall not be subject to removal or other sanctions<\/span> therefor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A trustee<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Upon request of a beneficiary<\/span>, shall promptly furnish to the beneficiary<\/span> a copy of the trust instrument<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Within 60 days after accepting a trusteeship, shall notify the qualified beneficiaries of the acceptance and of the trustee<\/span>’s name, address, and telephone number; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Within 60 days after the date the trustee<\/span> acquires knowledge of the creation of an irrevocable trust, or the date the trustee<\/span> acquires knowledge that a formerly revocable trust has become irrevocable, whether by the death of the settlor or otherwise, shall notify the qualified beneficiaries of the trust’s existence, of the identity of the settlor or settlors, of the right to request a copy of the trust instrument<\/span>, and of the right to a trustee<\/span>’s report as provided in subsection C; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Shall notify the qualified beneficiaries in advance of any change in the method or rate of the trustee<\/span>’s compensation. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A trustee<\/span> shall send to the distributees or permissible distributees of trust income or principal, and to other qualified or nonqualified beneficiaries who request it, at least annually and at the termination of the trust, a report of the trust property<\/span>, liabilities, receipts, and disbursements, including the source and amount of the trustee<\/span>’s compensation, a listing of the trust assets<\/span> and, if feasible, their respective market values<\/span>. Upon a vacancy in a trusteeship, unless a cotrustee remains in office, a report shall be sent to the qualified beneficiaries by the former trustee<\/span>. A personal representative<\/span>, conservator<\/span>, or guardian<\/span> may send the qualified beneficiaries a report on behalf of a deceased or incapacitated trustee<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A beneficiary<\/span> may waive<\/span> the right to a trustee<\/span>’s report or other information otherwise required to be furnished under this section. A beneficiary<\/span>, with respect to future reports and other information, may withdraw a waiver<\/span> previously given. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Subdivisions B 2 and B 3 and subsection C apply only to an irrevocable trust created on or after the effective date of this chapter, and to a revocable trust that becomes irrevocable on or after the effective date of this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDUTY TO INFORM AND REPORT (\u00a7 64.2-775)\n\nA. A trustee shall keep the qualified beneficiaries of the trust reasonably\ninformed about the administration of the trust and of the material facts\nnecessary for them to protect their interests. Unless unreasonable under the\ncircumstances, a trustee shall promptly respond to a beneficiary’s request\nfor information related to the administration of the trust. A trustee who fails\nto furnish information to a beneficiary or respond to a request for information\nregarding the administration of the trust in a good faith belief that to do so\nwould be unreasonable under the circumstances or contrary to the purposes of the\nsettlor shall not be subject to removal or other sanctions therefor.\n\nB. A trustee:\n\n 1. Upon request of a beneficiary, shall promptly furnish to the beneficiary a\n copy of the trust instrument;\n\n 2. Within 60 days after accepting a trusteeship, shall notify the qualified\n beneficiaries of the acceptance and of the trustee’s name, address, and\n telephone number;\n\n 3. Within 60 days after the date the trustee acquires knowledge of the\n creation of an irrevocable trust, or the date the trustee acquires knowledge\n that a formerly revocable trust has become irrevocable, whether by the death\n of the settlor or otherwise, shall notify the qualified beneficiaries of the\n trust’s existence, of the identity of the settlor or settlors, of the\n right to request a copy of the trust instrument, and of the right to a\n trustee’s report as provided in subsection C; and\n\n 4. Shall notify the qualified beneficiaries in advance of any change in the\n method or rate of the trustee’s compensation.\n\nC. A trustee shall send to the distributees or permissible distributees of trust\nincome or principal, and to other qualified or nonqualified beneficiaries who\nrequest it, at least annually and at the termination of the trust, a report of\nthe trust property, liabilities, receipts, and disbursements, including the\nsource and amount of the trustee’s compensation, a listing of the trust\nassets and, if feasible, their respective market values. Upon a vacancy in a\ntrusteeship, unless a cotrustee remains in office, a report shall be sent to the\nqualified beneficiaries by the former trustee. A personal representative,\nconservator, or guardian may send the qualified beneficiaries a report on behalf\nof a deceased or incapacitated trustee.\n\nD. A beneficiary may waive the right to a trustee’s report or other\ninformation otherwise required to be furnished under this section. A\nbeneficiary, with respect to future reports and other information, may withdraw\na waiver previously given.\n\nE. Subdivisions B 2 and B 3 and subsection C apply only to an irrevocable trust\ncreated on or after the effective date of this chapter, and to a revocable trust\nthat becomes irrevocable on or after the effective date of this chapter.\n\nHISTORY: 2005, c. 935, \u00a7 55-548.13; 2007, c. 254; 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}}