What is the Uniform Trust Code?

The Uniform Trust Code (UTC) is a model law that provides a comprehensive and uniform framework for the creation, administration, and termination of trusts in the United States. The UTC was developed by the Uniform Law Commission (ULC), a non-profit organization dedicated to promoting uniformity and coherence in state laws. The UTC was designed to simplify the law of trusts and to reduce uncertainty and complexity in the administration of trusts by providing clear and consistent rules that apply in all states that adopt the UTC. As of 2021, the UTC has been adopted by a number of states in the United States, although it is not in force in all states and the precise provisions of the UTC may vary from state to state.