The Uniform Trust Code (UTC)

The Uniform Trust Code (UTC) is a set of laws designed to standardize how trusts are created, managed, and settled across different states. It provides clear rules for trustees (those managing the trust) and beneficiaries (those benefiting from it), ensuring transparency and consistency. The UTC addresses issues like how trusts can be amended or revoked, how assets are distributed, and how trustees should handle their duties. Its goal is to make trust administration fair, predictable, and adaptable to modern needs, simplifying legal processes and protecting the interests of all parties involved.