A Few Facts About The...

UNIFORM TRUST CODE

PURPOSE:
To provide a comprehensive model for codifying the law on trusts. While there are numerous Uniform Acts related to trusts, such as the Uniform Prudent Investor Act, the Uniform Principal and Income Act, the Uniform Trustees' Powers Act, the Uniform Custodial Trust Act, and parts of the Uniform Probate Code, none is comprehensive. The UTC will enable states which enact it to specify their rules on trusts with precision and will provide individuals with a readily available source for determining their state's law on trusts.

ORIGIN:
Completed by the Uniform Law Commissioners in 2000, and amended in 2001,2003,2004 and 2005.

APPROVED BY:
American Bar Association
ABA Real Property, Probate and Trust Law Section
AARP