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The Uniform Trust Code is a model law in the United States created by the Uniform Law Commission, which, although not binding, is influential in the states and used ...
Uniform Commercial Code: 2001 Uniform Common Interest Ownership Act: 1982, 1994 Uniform Common Trust Fund Act: 1938, 1952 Uniform Comparative Fault Act: 1977, 1979 Uniform Computer Information Transactions Act: 1999; withdrawn 2002 Uniform Condominium Act: 1977, 1980 Uniform Conflict of Laws—Limitations Act: 1982 Uniform Conservation Easement ...
The Uniform Trust Code presumes that trustees will be held to the same standard as that adopted by the Uniform Law Commissioners in the Prudent Investor Act [UPIA]. A trustee must invest and manage trust assets as a "prudent investor" would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. [ 40 ]
Ultra trust; Uniform Power of Attorney Act; Uniform Trust Code; United States trust law This page was last edited on 13 February 2012, at 13:07 (UTC). ...
The aim of the law is to ensure that the intention of the trust creator or decedent is carried out, and to govern the proper distribution of assets to trust beneficiaries, heirs and devisees. [1] To be enacted into law, the Act must be adopted by the state legislature. To date, most states have adopted the Act (sometimes with modifications). [2]
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Uniform Probate Code; Uniform Simultaneous Death Act; Uniform Trust Code; United States trust law; V. Vesting; Voting trust; W. West Virginia Future Fund; Will contest;
Drafting of the Uniform Probate Code began in 1964. The final version of the original UPC was promulgated in 1969 as a joint project between NCCUSL and the Real Property, Probate and Trust Law Section of the American Bar Association.