A Trustee’s Guide to the Uniform Principal and Income Act

A Trustee’s Guide to the Uniform Principal and Income Act

Courts clarify how to properly use the power to adjust and the ability to make a unitrust election

The power to adjust and the ability to make a unitrust election are fairly new concepts in trust law, the former created by the Uniform Principal and Income Act (UPAIA) and the latter enacted by various state legislatures. As a result, trustees may not be sure how to properly implement these concepts. A few cases have been decided to provide some guidance to trustee

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish