Section 6.1 The “Why”
| Library | Trusts and Powers 2013 Supp |
A. (§6.1) The “Why”
In a Prefatory Note to the Missouri Uniform Trust Code, the drafting committee explained the reasons for, and desirability of, a uniform law:
The primary stimulus to the drafting of the Uniform Trust Code is the greater use of trusts in recent years, both in family estate planning and in commercial transactions . . . This greater use of the trust, and consequent rise in the number of day-to-day questions involving trusts, has led to a recognition that the trust law in many states is...
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