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Current as of January 01, 2024 | Updated by FindLaw Staff
In judicial proceedings involving trusts under this title or estates of decedents, minors, or persons under guardianship, the following apply:
(1) Persons are bound by orders binding others in the following cases:
(A) Orders binding the sole holder or all co-holders of a power of revocation or a presently exercisable general power of appointment, including one in the form of a power of amendment, bind other persons to the extent their interests (as objects, takers in default, or otherwise) are subject to the power.
(B) To the extent there is no conflict of interest between them or among persons represented, orders binding a guardian bind the person whose estate he or she controls; orders binding a trustee bind beneficiaries of the trust in proceedings to probate a will establishing or adding to a trust, to review the acts or accounts of a prior fiduciary and in proceedings involving creditors or other third parties; and orders binding a personal representative bind persons interested in the undistributed assets of a decedent's estate in actions or proceedings by or against the estate. If there is no conflict of interest and no guardian has been appointed, a parent may represent his or her minor child.
(C) An unborn or unascertained person who is not otherwise represented is bound by an order to the extent his or her interest is adequately represented by another party having a substantially identical interest in the proceeding.
(2) At any point in a proceeding, a Probate Division of the Superior Court may appoint a guardian ad litem to represent the interest of a minor, an incapacitated, unborn, or unascertained person, or a person whose identity or address is unknown, if the court determines that representation of the interest otherwise would be inadequate. If not precluded by conflict of interests, a guardian ad litem may be appointed to represent several persons or interests. The court shall set out its reasons for appointing a guardian ad litem as a part of the record of the proceeding.
(3) Parties shall be those persons so defined by the Rules of Probate Procedure.
Cite this article: FindLaw.com - Vermont Statutes Title 14. Decedents' Estates and Fiduciary Relations, § 202. When parties bound by others - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-14-decedents-estates-and-fiduciary-relations/vt-st-tit-14-sect-202/
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