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Directed Trusts—Jewel Inside the UTC 

07-17-2017 04:16 PM

Article by Glenn A. Henkel originally published in the Real Property Trust and Estate Law Section Newsletter Vol. 31, No. 1/July 2017 On Jan. 19, 2016, Governor Chris Christie signed A-2915/S-2035, known as the Uniform Trust Code (UTC) as Chapter 276, P. L. 2015. This large work includes 82 provisions and results in a codification of the New Jersey trust rules. In New Jersey, trust law has been developed over 150 years and, thus, the need for a trust code in New Jersey was not as prevalent as other jurisdictions. In some states, there are only a few trust cases ever decided, and the UTC was commissioned to add rules where none existed. In New Jersey, the population has been making, challenging and litigating various issues related to trusts for a long time and, as such, the case law is extensive. However, this new code will put everything in one place. Download to read more.

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Article by Glenn A. Henkel originally published in the Real Property Trust and Estate Law Section Newsletter Vol. 31, No. 1/July 2017

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