55-550.01 - Remedies for breach of trust. - Virginia Statutes

§ 55-550.01. Remedies for breach of trust.

A. A violation by a trustee of a duty the trustee owes to a beneficiary is abreach of trust.

B. To remedy a breach of trust that has occurred or may occur, the court may:

1. Compel the trustee to perform the trustee's duties;

2. Enjoin the trustee from committing a breach of trust;

3. Compel the trustee to redress a breach of trust by paying money, restoringproperty, or other means;

4. Order a trustee to account;

5. Appoint a special fiduciary to take possession of the trust property andadminister the trust;

6. Suspend the trustee;

7. Remove the trustee as provided in § 55-547.06;

8. Reduce or deny compensation to the trustee;

9. Subject to § 55-550.12, void an act of the trustee, impose a lien or aconstructive trust on trust property, or trace trust property wrongfullydisposed of and recover the property or its proceeds; or

10. Order any other appropriate relief.

(2005, c. 935.)