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Start →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. Contents [hide] 1 Background 2 Contents 3 See also 4 Notes 5 External links Background[edit] 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. [icon] This section needs expansion. You can help by adding to it. (February 2012) Contents[edit] The Uniform Trust Code consists in eleven articles, of which eight substantive articles:[1] Article 2 – Judicial Proceedings Article 3 – Representation Article 4 – Creation, Validity, Modification and Termination of a Trust Article 5 – Creditor's Claim, Spendthrift and Discretionary Trusts Article 6 – Revocable Trusts Article 7 – Office of Trustee Article 8 – Duties and Powers of the Trustee Article 10 – Liability of Trustees and Rights of Persons Dealing with the Trustee [icon] This section needs expansion. You can help by adding to it. (February 2012) See also[edit] US trusts law English trusts law Uniform Probate Code Notes[edit] Jump up ^ Trust Code Summary, Uniform Law Commission External links[edit] Trust Code, Uniform Law Commission - detailed information including an enactment status map Text of the Uniform Trust Code 2005 The Uniform Trust Code (2005) - overview of the act by law professor David English up through 2005 Categories: United States trusts lawWills and trustsUniform Acts ← End
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