§ 917a - Termination of appointment - Vermont Statutes

§ 917a. Termination of appointment

(a) Termination of appointment of a fiduciary ends the rights and powers pertaining to the office as conferred by law, the rules of probate procedure or any will or trust. Termination does not discharge a fiduciary from liability for transactions or omissions occurring before termination, or relieve the fiduciary of the duty to preserve assets subject to the fiduciary's control, to account therefor, and to deliver assets. Termination does not affect the jurisdiction of the probate court over the fiduciary, but terminates the fiduciary's authority.

(b) The appointment of a fiduciary is terminated:

(1) upon death, or

(2) when the estate is closed as provided by the rules of probate procedure, or

(3) after resignation upon the appointment of a successor fiduciary and delivery of the assets to the successor, or

(4) upon removal by the probate court. (Added 1985, No. 144 (Adj. Sess.), § 42.)