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 ...
JD Supra

Is the Uniform Trust Code’s generous reformation section, specifically §415, prying open the litigation floodgates as predicted?

Trust-instrument scriveners, and estate-planning professional generally, watch out. The Uniform Trust Code’s mistake-based reformation section, specifically §415, is a gift to the trial lawyers. In ...
WealthManagement.com

In Defense of Quiet Trusts

Donald D. Kozusko, partner, Kozusko Lahey Harris LLP, Washington, D.C. Despite its scope, the Uniform Trust Code (UTC) has provoked surprisingly little debate since it was first proposed by the ...
WealthManagement.com

Go Offshore to Avoid Trust Transparency?

Ian Marsh, principal, Withers LLP, London, and Michael Ben-Jacob, associate, Withers Bergman LLP, As more states adopt the Uniform Trust Code, 1 it is going to become increasingly difficult for trust ...
Law

A Uniform Trust Code for N.J.: The Time Has Come

New Jersey, because of its well established case law, is not a jurisdiction that needs the Uniform Trust Code, but there are still excellent reasons for adopting it. What is the Uniform Trust Code ...