Uniform Trust Code

The Uniform Trust Code (UTC) is a set of laws adopted by many U.S. states to provide a consistent framework for creating and managing trusts. It clarifies the rights and responsibilities of trustees (those who manage the trust) and beneficiaries (those who benefit from the trust). The UTC aims to simplify trust administration, enhance transparency, and reduce legal disputes. By establishing uniform rules, the UTC helps ensure that trusts are handled fairly and efficiently, making it easier for people to set up trusts for purposes like estate planning or managing assets for minors.