Aikin and Cohen to Speak on the Uniform Fiduciary Income and Principal Act During 50th Annual Trust and Estate Conference

Alphabet Soup: From the UPAIA to the UFIPA

On January 1, 2024, California became the seventh State to Adopt the Uniform Fiduciary Income and Principal Act (UFIPA), which wholly replaced the prior Uniform Principal and Income Act (UPAIA). This program will discuss the reasons and policies behind the new UFIPA; what actually changes in California law with the new act; and an overview of practical issues that arise in trust administrations with principal and income interests.