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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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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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