As of August 2020, in the 18 years since Kansas became the first state to enact the Uniform Trust Code, 33 more states, plus the District of Columbia, have enacted it. Additionally, several states that have not enacted the UTC have adopted portions of it or have modeled some of their trust laws on it. Thus, it can fairly be said that the UTC has become highly influential in the development of trust law nationally. A statutory compilation of such stature deserves a thorough review. We will examine some of the most important aspects of the UTC, including:
Default and Mandatory Rules
Virtual Representation
Trust Modification
Notice Requirements
Duties Trustees Owe to Beneficiaries
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