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THE OREGON UNIFORM TRUST CODE: WHAT IT IS AND THE EXTENT TO WHICH IT CHANGES OREGON LAW (Section References Are to Sections of SB 275) February 3, 2005 The Uniform Trust Code (the UTC), approved by.

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The goal of the uniform law is to standardize the law of trusts to a greater extent, given their increased use as a substitute for the "last will and testament" as the primary estate planning mechanism.

Uniform Common Trust Fund Act B This Act was enacted in Oregon in 1951 and is found in ORS 709.170.

Ultimately, the Oregon legislature voted almost unanimously in favor of the Code. On June 29, 2005, the governor signed Senate Bill 275, making the Code effective on January 1, 2006.

The trust allows you to keep your family matters private. While a will becomes public record when probate occurs, a trust is never probated and never made public. No one will know who your beneficiaries are, what assets are in the trust, or what the conditions of the trust are.

The trustee may make a loan to a beneficiary on terms and conditions the trustee considers to be fair and reasonable under the circumstances. The trustee may collect loans made to a beneficiary by making deductions from future distributions to the beneficiary.

The states that have enacted a version of the Uniform Trust Code are Alabama, Arizona, Arkansas, Florida, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, ...

A: A living trust created in California is valid in Oregon. Because California is a community property state and Oregon is not, it would be preferable to have your trust prepared by an Oregon attorney once you move.

The ability to “decant” comes from either an express provision in the trust, or a state statute or judicial opinions (common law). Presently, 12 states have adopted the Uniform Trust Decanting Act (UTDA).

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232