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Simple English definitions for legal terms

UPIA

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A quick definition of UPIA:

Term: UPIA

Definition: UPIA stands for Uniform Prudent Investor Act. This is a law that helps people who manage money for others, like trustees or financial advisors, make smart decisions about how to invest that money. The law says that these people should be careful and thoughtful when choosing investments, and they should always act in the best interest of the person whose money they are managing. This helps protect people's money and make sure it is being used wisely.

A more thorough explanation:

UPIA

UPIA stands for Uniform Prudent Investor Act. It is a law that sets guidelines for how trustees and other fiduciaries should manage and invest assets.

For example, if a trustee is managing a trust fund for a beneficiary, they must follow the UPIA guidelines when making investment decisions. This means they must act in the best interest of the beneficiary, diversify investments, and consider the risk and return of each investment.

Another example is if a financial advisor is managing a client's portfolio, they must also follow the UPIA guidelines. They must act in the best interest of the client, diversify investments, and consider the risk and return of each investment.

The UPIA is designed to protect beneficiaries and clients by ensuring that their assets are managed prudently and in their best interest. The guidelines set by the UPIA help fiduciaries make informed investment decisions that balance risk and return, and avoid unnecessary losses. By following the UPIA guidelines, fiduciaries can help ensure that beneficiaries and clients receive the maximum benefit from their assets.

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10:38
Very happy with LR other than having to guess on a couple questions cuz of time
10:42
i have a question about my personal statement. in my activism for the hospitality workers' union, i organized and spoke up in favor of stronger regulations on airbnb because the unregulated spread of airbnb throughout LA was inflating housing costs for workers and threatening their job security. do you think it's too divisive to mention regulating airbnb? idk
Nostradumbass
10:44
I wrote mine about how all activists should be consolidated into a large smelting pot and refined down to a viscous goo
Nostradumbass
10:45
Expecting a lot of rejections though
11:07
I'm sure you'll get a full ride to a few schools :P
11:11
The impression I get is most schools try not to judge based on the political implications of what you write about. They probably care more that you saw a problem and tried to fix it. That seems like a great thing to write a PS about @chowie
11:18
Besides, if a school didn’t let you in for trying to fix a problem you saw in your community, that doesn’t say great things about your school’s culture (assuming the thing you did showed good common sense judgment ofc)
11:19
That school’s* culture
11:23
Thanks Howl you're right :D I def talked about solving problems in my PS
12:03
@HowlEngineer: what's your dream school
MildChiller
12:08
"Have you applied for admission to [school] in a prior year" I applied in Oct. of the 23-24 cycle, should I put 23 or 24 as the year I applied?
MildChiller
12:09
Bcuz 2023 is when I technically applied but I applied for admissions in 2024
12:14
2024 cuz that's when you would've been admitted
I agree with Howl
12:19
Gecko what's ur dream school
Hard to say. I'm pretty firmly committed to the philly area so probably temple or villanova
Also relatively debt averse so I'd have to get a good scholarship from BC or Fordham to want to go but that's not very likely for me
Any advice? lol
[] baddestbunny
12:25
what’s a good scholarship for you? what would make BC or Fordham worth it?
12:25
Hmmmm let me think
[] baddestbunny
12:25
fordham’s max aid they give is 45k per year
Bunny I can possibly get a 75%+ scholarship from villanova or temple, and I'd be moving back in with my parents if I went there so I'd have near-zero COL. It'd be really hard to beat that
I would prefer BC over Fordham just because I like boston more, but I'm expecting a WL there tbh
I would maybe consider BC with $ but I don't know how to decide if a better biglaw chance is worth the COL + higher tuition
12:50
How do I know if my status checkers are properly linked
12:59
@ChowieBean: right now, Michigan, but there are several that come close. How about you?
13:05
@Law01: I haven't gotten the status checkers to work at all. When I sent an email to the LSData folks the other week, they said they were working on fixing them
13:10
but I think "Last Checked" would change from "Never" to something else
13:30
@HowlEngineer: I'll get more specific once I get my LSAT score, but NYU, Berk, GTown, UCLA
13:30
Anywhere that's top for PI
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