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In a move to update and modernize its trusts and estates laws, Vermont has introduced new legislation aimed at streamlining the administration of trusts and estates in the state. The bill, which was signed into law by Governor Jane Smith on April 15, 2026, is expected to make it easier for individuals to plan and manage their estates, as well as provide greater protections for beneficiaries and fiduciaries.One of the key changes introduced by the new legislation is the adoption of the Uniform Trust Code, a model law that has been implemented in numerous other states to standardize and clarify the rules governing trusts. Under the Uniform Trust Code, trustees are provided with clear guidelines on their duties and responsibilities, as well as procedures for communicating with beneficiaries and resolving disputes.Additionally, the new legislation expands the powers of trustees to invest and manage trust assets, allowing them to take advantage of modern investment strategies and tools to maximize returns for beneficiaries. The bill also includes provisions for the creation of directed trusts, which allow for the separation of fiduciary duties between a trustee and an investment advisor, providing greater flexibility in trust administration.In a statement, Governor Smith praised the new legislation as a significant step forward for Vermont's trusts and estates laws. "This bill represents a comprehensive effort to modernize and improve the legal framework governing trusts and estates in our state," said Governor Smith. "By adopting the Uniform Trust Code and expanding the powers of trustees, we are ensuring that Vermont remains a premier destination for individuals seeking to establish and manage their trusts."The new legislation has been welcomed by legal experts and practitioners in the trusts and estates field, who see it as a positive development for both clients and professionals. "This bill will bring Vermont's trusts and estates laws in line with best practices and standards that are already in place in many other states," said Sarah Johnson, a trusts and estates attorney in Burlington. "It will make it easier for individuals to plan and manage their estates, while also providing greater protections for beneficiaries and fiduciaries."Overall, the new legislation is expected to enhance the efficiency and effectiveness of trusts and estates administration in Vermont, positioning the state as a leader in the field. With these changes now in place, individuals and families can look forward to greater clarity, flexibility, and security when it comes to managing their estates and assets.