Does New York Need a Trust Code?

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New York has a very well developed common law in the trust area. However, its lack of accessibility to practitioners and trustees has led to recent discussions concerning whether New York should adopt a uniform trust code.

For several years, various organizations at the request of the New York State Legislative Advisory Committee have been considering whether to recommend the adoption of a uniform trust code for New York.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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