ULC

Acts

Insurable Interest Amendment to the Uniform Trust Code

Description

The Insurable Interests Amendment to the Uniform Trust Code has been drafted to address concerns regarding the purchase of life insurance trusts by trustees as it relates to insurable interest law. Life insurance trusts are a standard estate planning tool because proceeds of an irrevocable life insurance trust are not subject to estate taxes.

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Legislative Information Kit

Staff Contact

Benjamin Orzeske borzeske@uniformlaws.org

 

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Legislative Tracking

2018 Introductions & Enactments

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Drafting History

Origin: Completed by the Uniform Law Commission in 2010.
Committee/Resources: Insurable Interest Amendments to the Uniform Trust Code