Uniform Trust Code (UTC)

The Uniform Trust Code (UTC) is a set of standard rules that govern how trusts are created, managed, and ended in U.S. jurisdictions that adopt it. It provides a clear legal framework for trustees and beneficiaries, ensuring duties like prudent management and fair treatment are upheld. The UTC aims to make trust laws more consistent across states, making it easier to establish and administer trusts while protecting the interests of all parties involved. Essentially, it streamlines trust legal processes to promote fairness and clarity.