Troutman Sanders LLP: Virginia Will Become Friendlier to Trustees on July 1, 2012

By David N. Anthony , Melissa Roberts Tannery and Tania S. Sebastian A change in Virginia law effective July 1, 2012, will limit trustee liability with respect to directed trusts, which is good news for corporate and individual trustees alike. The amendment to Virginia Code Section 55-548.08 , which...