{"data":{"id":"us-va/va.-code-64.2-1043","jurisdiction":"us-va","citation":"Va. Code § 64.2-1043","heading":"Unitrust policy","body":"A. 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; and3. 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; orb. 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.","path":["Title 64.2. Wills, Trusts, and Fiduciaries","Subtitle III. Trusts","Chapter 10.1. Uniform Fiduciary Income And Principal Act","Article 3. Unitrust"],"source_url":"https://law.lis.virginia.gov/vacode/64.2-1043/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:18:14Z","sha256":"50ddf1aecef96d6ff5afcc5ba67560c3f4edc9c8b84f11ef9476c93e9685a2ae","source_id":"us-va","stale":true,"prev":"us-va/va.-code-64.2-1042","next":"us-va/va.-code-64.2-1044"},"notice":"GroundRules: Original legal text. Not legal advice."}