Uniform Principal and Interest Act
- A widely adopted law enabling trustees to make certain adjustments, such as distributing principal to income beneficiaries, to fulfill the trust's purpose
- Under the guidelines of the Uniform Principal and Interest Act, the trustee was able to distribute the principal to the income beneficiaries.
- The trustee used the provisions of the Uniform Principal and Interest Act to make necessary adjustments in the trust.
- The Uniform Principal and Interest Act provided the trustee with more flexibility to meet the trust's objectives.
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