Wednesday, July 2, 2014
Upon acceptance of a trusteeship, the trustee shall administer the trust and invest trust assets in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with the VA Code.
In administering, managing and investing trust assets, the trustee may have to comply with the provisions of the Uniform Prudent Investor Act and the Uniform Principal and Income Act.
If you have questions about the Prudent Investor Rule or the Principal and income Act, or believe that your Trustee has violated the prudent investor rule, please contact us.
The Lenzi Law Firm, PLLC assists clients throughout Northern Virginia and Washington D.C. including Fort Washington, Falls Church, Ft. Myer, Vienna, Rosslyn, Springfield, Mount Vernon, Annandale, Fort Belvoir, Fairfax, Dunn Loring, Merrifield, McLean, Oakton, Reston, Burke, Great Falls, Fredericksburg, Stafford and Herndon in Arlington County, Alexandria County, & Fairfax County.