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Simple English definitions for legal terms

Uniform Prudent Investor Act

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A quick definition of Uniform Prudent Investor Act:

The Uniform Prudent Investor Act (UPIA) is a set of rules created by the Uniform Law Commission to guide trustees in managing trust property. The UPIA covers important factors such as risk and return, the needs of beneficiaries, inflation, economic conditions, taxes, liquidity, income, and capital preservation. Many states in the United States have adopted the UPIA as a standard for trustees to follow.

A more thorough explanation:

The Uniform Prudent Investor Act (UPIA) is a set of standard rules created by the Uniform Law Commission (ULC) in 1994. These rules are recommended for enactment in all states and provide guidelines for trustees when investing trust property. The UPIA takes into account various factors such as risk and return, needs of beneficiaries, inflation or deflation, general economic conditions, potential tax consequences, liquidity, income, and preservation of capital.

For example, if a trustee is managing a trust fund for a minor child, they must consider the child's future needs and the potential impact of inflation on the fund's value. The trustee must also balance the need for income with the preservation of capital to ensure that the fund lasts for the child's lifetime.

As of October 2021, 43 states and the District of Columbia have enacted the UPIA, including California, Texas, and New York.

Uniform Probate Code | Uniform Resource Locator (URL)

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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