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Margaret M. Hand on Aspects of the Uniform Principal and Income Act in California Regarding Trust Accounting

California's adoption of the UPIA imposes on trustees the duty to invest and manage trust assets as would a prudent investor. Trustee are required to diversify trust investments, but may invest for total return following a modern portfolio theory. In this Analysis, Margaret M. Hand addresses the...

Williams Mullen: Virginia Enacts Trust Decanting Statute

BY: FARHAD AGHDAMI & JEFFREY D. CHADWICK On April 4, 2012, Governor McDonnell signed Senate Bill 110 into law, which allows trustees to exercise the power to distribute trust income or principal to or for the benefit of a beneficiary by distributing the assets to a new trust. The act of distributing...