                                 CODE OF VIRGINIA

REIMBURSEMENT OF EXPENSES (§ 64.2-762)

A. A trustee is entitled to be reimbursed out of the trust property, with
interest as appropriate, for:

   1. Expenses that were properly incurred in the administration of the trust;
   and

   2. To the extent necessary to prevent unjust enrichment of the trust, expenses
   that were not properly incurred in the administration of the trust.

B. An advance by the trustee of money for the protection of the trust gives rise
to a lien against trust property to secure reimbursement with reasonable
interest.

HISTORY: 2005, c. 935, § 55-547.09; 2012, c. 614.