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Important Provisions in Kentucky's New Uniform Trust Code

Understand how the adoption and provisions of the Uniform Trust Code (UTC) affects trust administration in Kentucky.

The adoption of the Uniform Trust Code (UTC) has changed the way that attorneys practice trust law in every adopting jurisdiction. The UTC now defines the powers and duties of trustees; relations with beneficiaries; the procedure for removal and replacement of trustees; defines the fiduciary duties of trustees and broadens the ability of beneficiaries and trustees to reform or dispense with a Trust. Learn how these new statutes will affect every action taken by trustees and how it establishes jurisdiction in the courts of the judicial system. This topic will provide a meaningful introduction to the most relevant provisions of the Uniform Trust Code.

Runtime: 89 minutes
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Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Definitions and General Provisions

  • Definitions New to Trust Law
  • How These Definitions Are Utilized in the UTC

Judicial Proceedings

  • Jurisdiction
  • Registration of Trusts

Representation

  • Who Can Represent a Beneficiary
  • Virtual Representation

Modification or Termination of a Trust

  • Modification Due to Unanticipated Circumstances
  • Modification of Uneconomic Trust
  • Modification by Agreement or Judicial Approval
  • Cy Pres Doctrine

Duties of Trustee

  • Duty of Loyalty
  • Duty of Impartiality
  • Duties Related to Administration
  • Miscellaneous Provisions
  • Application to Existing Trusts
  • Application to Judicial Proceedings
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Online Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Webinar

This course was last revised on May 24, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Daniel M. Oyler

Parrent & Oyler

  • Partner in the law firm of Parrent & Oyler
  • Practice of law is concentrated in the areas of estate, trust and real property litigation, estate administration, general civil litigation and estate planning
  • Regular speaker at seminars regarding various estate administration, estate litigation and guardianship topics
  • Recognized as a Top Lawyer by Louisville Magazine in the area of Wills and Trusts
  • Graduate, University of Louisville, School of Business and the University of Louisville, School of Law
  • Can be contacted at 502-584-7500 or [email protected]
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Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 397852
Published 2014, 2016
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