§ 1063. Accountable for losses by neglect
When an executor or administrator neglects or unreasonably delays to raise money by collecting the debts or selling the real or personal estate of the deceased, or neglects to pay over the money the fiduciary has in his or her hands, and the value of the estate is thereby lessened, or unnecessary cost or interest accrues, or the persons interested suffer loss, the same shall be deemed waste, and the damages sustained may be charged and allowed against the fiduciary in the fiduciary’s account or the fiduciary shall be liable for the damages on the fiduciary’s bond. (Amended 2017, No. 195 (Adj. Sess.), § 6.)
Structure Vermont Statutes
Title 14 - Decedents' Estates and Fiduciary Relations
Chapter 63 - Inventory, Appraisal, and Accounts
§ 1053. Supplemental inventory
§ 1054. Assets not inventoried
§ 1055. Accounts of executors and administrators; time of rendering; examination
§ 1056. Liability on bond for neglect
§ 1058. Not to gain or lose by increase or decrease in value
§ 1061. When not accountable for debts due
§ 1062. Use by executor or administrator
§ 1063. Accountable for losses by neglect
§ 1066. Verification; right of heir to be examined