Your Gateway to Financial Literacy
Introduction to Voluntary Trusts A voluntary trust, also known as a living trust or inter vivos trust, is a legal arrangement where an individual transfers assets to another person (trustee) for the benefit of a third party (beneficiary). The transfer occurs during the grantor’s lifetime, maintaining the grantor’s control over
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Overview of the Uniform Prudent Investor Act (UPIA) The Uniform Prudent Investor Act (UPIA), adopted in 1994 as part of the American Law Institute’s Third Restatement of Trusts, has revolutionized trustee investment duties and practices by updating the traditional Prudent Man Rule. The UPIA was designed to respond to modern
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