Bill > SB0100

This bill recodifies and amends various statutes related to estate planning, trust administration, and related legal frameworks. The key provisions include: The bill comprehensively reorganizes and updates trust and estate planning laws, primarily moving existing provisions from Title 75 (Utah Uniform Probate Code) to a new Title 75B (Trusts). It makes numerous technical changes to cross-references, definitions, and terminology across multiple sections of Utah code. The changes affect various aspects of trust administration, including: 1. Defining and clarifying terms related to trusts, trustees, and trust directors 2. Updating rules for trust creation, modification, and termination 3. Establishing guidelines for trustee duties, powers, and liabilities 4. Modernizing provisions related to trust investments and management 5. Clarifying rules for creditor claims against trusts 6. Updating provisions for directed trusts and trust directors 7. Standardizing jurisdictional and procedural matters for trust-related legal proceedings The bill aims to improve clarity, consistency, and functionality of Utah's trust laws by reorganizing existing statutes and making technical improvements. It does not fundamentally alter the substantive rights and obligations of trustees and beneficiaries, but rather provides a more organized and precise legal framework for trust administration. The bill is set to take effect on May 7, 2025, and includes provisions to coordinate with other potential legislative changes to ensure smooth implementation of the updated trust laws.

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https://le.utah.gov/~2025/bills/static/SB0100.html