UPIA Twins Analyzed

Christopher P. Cline (Wealth Management Director, Wells Fargo Bank, N.A., Portland, Oregon) has recently published his article entitled The Uniform Prudent Investor and Principal and Income Acts: Changing the Trust Landscape, 42 Real Prop. Prob. & Tr. J. 611 (2008) [ABA membership needed to access link].

Here is the editors’ synopsis of his article:

This Article examines the effects the Uniform Prudent Investor Act and the Revised Uniform Principal and Income Act have had on the investment decisions of trustees. Designed to aid trustees in the performance of their duties, these Acts have also presented a number of new challenges for trustees. The Article explores the changes initiated by the Prudent Investor Act and the resulting litigation that has occurred in its wake. The author then analyzes the effects of the power to adjust given to trustees by the Revised Uniform Principal and Income Act.