Shipman & Goodwin, LLP, has made available for download its Trusts and Estates Newsletter for July 2019. The article describes newly-enacted trust legislation in the State of Connecticut. Reportedly, “During the 2019 regular legislative session, the Connecticut General Assembly passed an Act concerning the Connecticut Uniform Trust Code, also known as the UTC.” The Act was signed recently by Connecticut Governor Lamont and will be effective beginning on January 1, 2020. According to Shipman & Goodman, LLP, “The Act overhauls Connecticut’s trust law, providing clarification and guidance on the administration of trusts in the state. In addition to modernizing Connecticut trust law and bringing it in line with
many other jurisdictions, the UTC will present a number of significant planning opportunities for clients in Connecticut.”
Posted by Jessica Zhang, Associate Editor, Wealth Strategies Journal.