1997 Principal and Income Act reflects modern trust investing

Article Abstract:

The authors discuss the elements the 1997 Uniform Principal and Income Act, including the prudent investor rule and new investment vehicles, such as derivatives. Topics include provisions of the law providing trustees with the power to make adjustments between income and principal.

United States, Analysis, Financial planning

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The latest state legislation governing total return unitrusts

Article Abstract:

The authors discuss state laws allowing the conversion of income trusts to total return unitrusts. Conversion laws enacted in New York, Missouri, New Jersey and Delaware are analyzed, as is a bill pending in Pennsylvania.

New York, Pennsylvania, Missouri, Delaware

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New Uniform Trust Code modernizes and clarifies rules governing trusts

Article Abstract:

The author discusses the Uniform Trust Code and advises planning professionals to familiarize themselves with its provisions before state legislatures begin codification.

Interpretation and construction, Uniform state laws

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