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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 64.2. Wills, Trusts, and Fiduciaries |
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SUBTITLE III. Trusts |
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CHAPTER 7. Uniform Trust Code |
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ARTICLE 4. Creation, Validity, Modification, and Termination of Trust |
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SECTION 64.2-721. Trusts created in other jurisdictions |
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A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed, or the law of the jurisdiction in which, at the time of creation: 1. The settlor was domiciled, had a place of abode, or was a national; 2. A trustee was domiciled or had a place of business; or 3. Any trust property was located. |