An amendment to the Uniform Probate Code has been proposed prohibiting
a beneficiary of a trust who is also the Trustee from making distributions
from the trust to himself, except as limited by an ascertainable standard.
Uniform Guardianship and Protective Proceedings Act
| Code Section |
Description |
| 75-2-102(b) |
Intestate succession - First $50,000 to surviving spouse
in second marriage situation |
| 75-2-106 |
Per capita at each generation (grandchildren treated
equally if two or more children deceased and no will) |
| 75-2-203 |
1/3 elective share. Definition of augmented estate
includes investment portion of life insurance and retirement plan
benefits |
| 75-2-208 |
Elective share only applies to marital property (not
to gifts, inheritances, or assets brought into marriage)
|
| 75-2-214 |
Payors of life insurance and other possible elective
share assets fully protected
|
| 75-2-402 & 403 |
Increase in homestead and exempt property allowances
|
| 75-2-502 & 503 |
Will execution slightly liberalized |
| 75-2-511 |
Pour over will to "dry" trust permitted |
| 75-2-804 |
Divorce terminates provisions for divorced spouse and
spouse's relatives in living trust like a will and severs joint tenancy
|
| 75-2-1001 |
New provision for honorary trusts for pets |
| 75-2-1201 et seq. |
New provision - statutory rule against perpetuities |
