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WEST VIRGINIA CODE
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WVC 44 D- 1 - 103 §44D-1-103. Definitions.
     In this chapter:

     (a) "Action," with respect to an act of a trustee, includes a failure to act.

     (b) "Ascertainable standard" means a standard relating to an individual's health, education, support or maintenance within the meaning of Section 2041(b)(1)(A) or 2514(c)(1) of the Internal Revenue Code.

     (c) "Beneficiary" means a person that:

     (1) Has a present or future beneficial interest in a trust, vested or contingent;

     (2) In a capacity other than that of trustee, holds a power of appointment over trust property; or

     (3) A charitable organization that is expressly designated in the terms of the trust instrument to receive distributions.

     (d) "Charitable trust" means a trust, or portion of a trust, created for a charitable purpose described in subsection (a), section four hundred five, article four of this chapter.

     (e) "Conservator" means a person appointed by the court to administer the estate and financial affairs of a protected person.

     (f) "Court" means a court of this state having proper jurisdiction under section two hundred three, article two of this chapter, and venue under section two hundred four of that article.

     (g) "Current beneficiary" means a beneficiary that, on the date the beneficiary's qualification is determined, is a distributee or permissible distributee of trust income or principal.

     (h) "Environmental law" means a federal, state or local law, rule, regulation or ordinance relating to protection of the environment.

     (i) "Grantor" means a person, including a testator, who creates, or contributes property to a trust. If more than one person creates or contributes property to a trust, each person is a grantor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

     (j) "Guardian" means a person appointed by the court who is responsible for the personal affairs of a protected person or a parent to make decisions regarding the support, care, education, health and welfare of a minor. The term does not include a guardian ad litem.

     (k) "Interested person" means heirs, devisees, children, spouses, creditors, beneficiaries and any others having a property right in or claim against a trust or the property in a trust. It also includes persons having priority for appointment as personal representative and other fiduciaries representing interested persons. The meaning as it relates to particular persons may vary from time to time and must be determined according to the particular purposes of, and matter involved in, any proceeding.

     (l) "Interests of the beneficiaries" means the beneficial interests provided in the terms of the trust.

     (m) "Internal Revenue Code" or "Internal Revenue Code of 1986" means the Internal Revenue Code of 1986 codified in 26 U.S.C. 1 et seq., as amended and in effect on January 1, 2011.

     (n) "Jurisdiction" with respect to a geographic area, includes a state or country.

     (o) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, unincorporated nonprofit association, charitable organization, government, governmental subdivision, agency or instrumentality, public corporation or any other legal or commercial entity.

     (p) "Power of withdrawal" means a presently exercisable general power of appointment other than a power:

     (1) Exercisable by a trustee and limited by an ascertainable standard; or

     (2) Exercisable by another person only upon consent of the trustee or a person holding an adverse interest.

     (q) "Property" means anything that may be the subject of ownership, whether real or personal, legal or equitable or any interest therein.

     (r) "Qualified beneficiary" means a beneficiary who, on the date the beneficiary's qualification is determined:

     (1) Is a distributee or permissible distributee of trust income or principal;

     (2) Would be a distributee or permissible distributee of trust income or principal if the interests of the distributees described in subparagraph (A) terminated on that date without causing the trust to terminate; or

     (3) Would be a distributes or permissible distributes of trust income or principal if the trust terminated on that date.

     (s) "Revocable," as applied to a trust, means revocable by the grantor without the consent of the trustee or a person holding an adverse interest.

     (t) "Spendthrift provision" means a term of a trust which restrains both voluntary and involuntary transfer of a beneficiary's interest.

     (u) "State" means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. The term includes an Indian tribe or band recognized by federal law or formally acknowledged by a state.

     (v) "Terms of a trust" means the manifestation of the grantor's intent regarding a trust's provisions as expressed in the trust instrument or as may be established by other evidence that would be admissible in a judicial proceeding.

     (w) "Trust instrument" means a writing, including a will, executed by the grantor that contains terms of the trust, including any amendments thereto.

     (x) "Trustee" includes an original, additional, successor trustee, and a cotrustee.

     (y) "Writing" or "written instrument" does not include an electronic record or electronic signature as provided in chapter 39A of this code. Note: WV Code updated with legislation passed through the 2013 1st Special Session
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