§ 1102. Trust advisors and trust protectors as fiduciaries
(a) A trust advisor or trust protector is a fiduciary with respect to each power granted to such trust advisor or trust protector. In exercising any power or refraining from exercising any power, a trust advisor or trust protector shall act in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.
(b) A trust advisor or trust protector is an excluded fiduciary with respect to each power granted or reserved exclusively to any one or more other trustees, trust advisors, or trust protectors. (Added 2009, No. 20, § 1.)
Structure Vermont Statutes
Chapter 11 - Trusts Protectors and Trust Advisors
§ 1101. Trust advisors and trust protectors
§ 1102. Trust advisors and trust protectors as fiduciaries
§ 1103. Trust advisor and trust protector subject to court jurisdiction
§ 1104. No duty to review actions of trustee, trust advisor, or trust protector
§ 1105. Fiduciary’s liability for action or inaction of trustee, trust advisor, and trust protector