THE UTC AND YOUTHE UTC AND YOU
We have this report from the frontlines in Washington, D.C., by Donald D. Kozusko, a partner with Kozusko Lahey Harris LLP: The Uniform Trust Code may be coming soon to a location near you, so look closely at what it offers and what it takes away. The UTC has been enacted in five states since it was first proposed three years ago. At press time, it was on track to become law in the District of Columbia,
January 1, 2004
Rorie M. Sherman Editor in Chief
We have this report from the frontlines in Washington, D.C., by Donald D. Kozusko, a partner with Kozusko Lahey Harris LLP:
The Uniform Trust Code may be coming soon to a location near you, so look closely at what it offers and what it takes away. The UTC has been enacted in five states since it was first proposed three years ago. At press time, it was on track to become law in the District of Columbia, after a unanimous vote by the D.C. City Council on Dec. 2. Pennsylvania and Maryland are in the early stages of considering the code, as are several other states around the country (see www.nccusl.org).
Of course, “uniform” means the code is recommended by the National Conference of Commissioners on Uniform S...
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