UNITED STATES TRUST LAW
Every trust is a unique document and, in the United States, most laws regulating the creation and administration of trusts is statutory at the state level. This means that each trust differs based not only on how it was drafted but also on the state law the trust is being administered under. This is also the reason why you’ll see different terminology surrounding trusts as each state has their own specific language provided by their statutes.
A directed trust is a trust in which an individual or company other than a trustee has power over some aspect of the trust’s administration. Any trust where we can serve as Trust Protector or Distribution Adviser must be a directed trust drafted with acceptable language.
UNIFORM TRUST CODE
The Uniform Trust Code (UTC) is the first attempt to create a uniform statutory code for all fifty states of all commonly accepted U.S. laws governing trusts.
You may view all states which have enacted the UTC on the Uniform Law Commission’s website here.
UNIFORM DIRECTED TRUST ACT
The Uniform Directed Trust Act (UDTA) specifically addresses directed trusts and attempts to create a uniform statutory code for them. More recent than the UTC, few states have enacted the UDTA so far.
You may view all states which have enacted the UTDA on the Uniform Law Commission’s website here.