Unitrust policy
Va. Code Ann. § 64.2-1043
in effectA. In administering a unitrust under this article, a fiduciary shall follow a unitrust policy adopted under subdivision A 1 or 2 of § 64.2-1041 or amended or replaced under subdivision A 2 of § 64.2-1041 .
B. A unitrust policy shall provide:
1. The unitrust rate or the method for determining the unitrust rate under § 64.2-1044 ;
2. The method for determining the applicable value under § 64.2-1045 ; and
3. The rules described in §§ 64.2-1044 through 64.2-1047 that apply in the administration of the unitrust, whether the rules are:
a. Mandatory, as provided in subsection A of § 64.2-1045 and subsection A of § 64.2-1046 ; or
b. Optional, as provided in § 64.2-1044 , subsection B of § 64.2-1045 , subsection B of § 64.2-1046 , and subsection A of § 64.2-1047 , to the extent the fiduciary elects to adopt those rules.
2022, c. 354 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/64.2-1043/Fetched: 10/17/2026