The Uniform Trust Code (US)

The Uniform Trust Code (UTC) provides a standardized legal framework for creating, managing, and terminating trusts across different states in the U.S. It ensures clarity and consistency in trust laws, guiding trustees and beneficiaries on their rights and responsibilities. The UTC covers aspects like the duty of trustees to act prudently, how trusts are interpreted, and procedures for potential disputes. It aims to make trust law more predictable and fair, facilitating estate planning and asset management while protecting the interests of all parties involved.