Uniform Trust Code
The Uniform Trust Code' is a model law in the United States, which although not binding, is influential in the states, and used by many as a model law. As of July 2012, 25 states have adopted some substantive form of the UTC with three others having introduced it into the legislature for adoption.[1]
Background
The goal of the uniform law is to standardize the law of trusts to a greater extent, given their increased use as a substitute for the "last will and testament" as the primary estate planning mechanism for the affluent.
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Contents
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See also
Notes
- ^ "Series on the Massachusetts Uniform Trust Code, Part 1". malawyeronline.com. Retrieved February 18, 2013.
External links
- Text of the Uniform Trust Code 2005
- The Uniform Trust Code (2005) - overview of the act by law professor David English up through 2005