WealthManagement.com

New Jersey Enacts the Uniform Trust Code

The Uniform Trust Code (UTC) became effective in New Jersey on July 17, 2016. The UTC will apply to existing trusts as well as to new trusts. The UTC offers flexibility, efficiency in administration ...
JD Supra

The Uniform Trust Code inadvertently puts a bullseye on the trustee’s doctrinally indispensable affirmative duty to furnish all beneficiaries with critical information

Many of my prior JDSUPRA postings caution that codification of the law of trusts, such as the Uniform Trust Code (UTC), are only partial codifications. See the catalogue of my prior postings below.
JD Supra

Parsing the Uniform Trust Code in Isolation Without Regard to the Uniform Probate Code and the Uniform Powers of Appointment Act is Not Advised

Intro. The Uniform Trust Code (UTC) is a mere aggregation of tweaks to the corner of equity jurisprudence that long ago gave birth to and currently stewards the trust relationship, hereinafter “the ...
WealthManagement.com

Tips From the Pros: Representation of Others Under the UTC

The representation provisions of the Uniform Trust Code (UTC), 1 contained in Article 3, are among its most consequential and its most complicated in application. They comprise a harmonious statutory ...
Law

Does New York Need a Trust Code?

New York has a very well developed common law in the trust area. However, its lack of accessibility to practitioners and trustees has lead to recent discussions concerning whether New York should ...