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Title 75 Chapter 7 Part 1 Section 107 Governing law. 75-7-107. Governing law. "Foreign trust" means a trust that is created in another state or country and valid in the state or country in which the trust is created.
In Utah, the requirement that the trustee keep beneficiaries informed generally applies only to ?qualified beneficiaries.? A qualified beneficiary is any beneficiary who is a current or permissible distributee of trust income or principal, or any beneficiary who would be a distributee if the trust terminated at the ...
A key provision, Utah Code § 25-6-502(3), stipulates that if an irrevocable trust's creator is also its beneficiary, a creditor can't claim an interest in assets under the trust's name or force distributions, given certain conditions are met.
Evidence of death or status. A certified or authenticated copy of any record or report of a governmental agency, domestic or foreign, that an individual is missing, detained, dead, or alive is prima facie evidence of the status and of the dates, circumstances, and places disclosed by the record or report.
Generally, assets in a revocable trust, including houses, should be distributed or sold within 12-18 months.
(1) A trust is created only if: (a) the settlor has capacity to create a trust, which standard of capacity shall be the same as for a person to create a will; (b) the settlor indicates an intention to create the trust or a statute, judgment, or decree authorizes the creation of a trust; (c) the trust has a definite ...
Abuse of psychotoxic chemical solvents. the person offers, sells, or provides a psychotoxic chemical solvent to another person, knowing that other person or a third party intends to possess or use that psychotoxic chemical solvent in violation of Subsection (1)(a).