Internal Revenue Code: Federal tax regulations affecting trust formation, administration, and distributions. Essential for understanding tax implications of the trust structure.
Uniform Trust Code: Model law adopted by many states providing comprehensive framework for trust administration, though applicability depends on state adoption.
Federal Securities Laws: Regulations governing investment securities within trusts, including registration and disclosure requirements if applicable.
ERISA: Employee Retirement Income Security Act - relevant if trust involves retirement assets or employee benefits.
State Trust Code: State-specific laws governing trust formation, administration, and enforcement within the particular jurisdiction.
State Property Laws: Laws governing property ownership, transfer, and rights within the state where trust assets are located.
Uniform Prudent Investor Act: State-adopted standards for trust investment and management of trust assets by trustees.
Rule Against Perpetuities: State-specific rule limiting the duration of trust interests and control over future property dispositions.
Fiduciary Duties: Common law principles defining trustee's obligations of loyalty, care, and good faith in managing trust assets.
Prudent Person Rule: Legal standard requiring trustees to manage trust assets as a prudent person would manage their own affairs.
Spendthrift Provisions: Trust provisions protecting beneficiaries' interests from creditors, subject to state law limitations.
Rule Against Accumulations: State rules limiting the period during which trust income can be accumulated rather than distributed.
State Execution Requirements: Formal requirements for valid trust execution, including witnessing and notarization rules.
Trust Registration Requirements: State-specific rules regarding recording or registering trusts with appropriate authorities.
Trustee Qualification Rules: State requirements for who may serve as trustee and what qualifications they must possess.
Trust Modification Rules: State laws governing how and when trusts can be modified or terminated.
Trust Accounting Rules: State requirements for trust accounting, reporting to beneficiaries, and maintaining trust records.
