Uniform Trust Code: Difference between revisions

Revision as of 13:51, 9 June 2013

Revision as of 17:23, 10 March 2017

Line 1:

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.<ref>{{cite web|title=Series on the Massachusetts Uniform Trust Code, Part 1|url=http://malawyeronline.com/estate-planning/series-on-massachusetts-uniform-trust-code-part-1|publisher=malawyeronline.com|accessdate=February 18, 2013}}</ref>

==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.