Article on Uniform Trust Code’s Power to Adjust

Mark R. Parthemer (Managing Director and Fiduciary Counsel, Southeast Region, Bessemer Trust) recently published an article entitled, Trustsees Beware: UTC Power to Adjust Not a Tool to Get Money to Beneficiaries, American Bar Association. Provided below is description from the American Bar Association’s website:

Mark Parthemer warns trustees that replacing “lost” income in these tough economic times is not a proper use of the power to adjust between principal and income.