On June 25th, 2019, the Connecticut legislature enacted Public Act 19-137, an Act Concerning the Connecticut Uniform Trust Code. This massive bill, over 90 pages in length, adopts four major categories of revisions to Connecticut trust law that will greatly enhance the administration of trusts and planning opportunities available to practitioners and their clients in Connecticut, including allowing Domestic Asset Protection Trusts, Directed Trustees and an expansion of the Rule Against Perpetuities. The bill is expected to become law when the Governor signs it or, absent action from the Governor, fifteen days after it is presented to him for signature. It is not expected that the Governor would veto the bill. The bill, assuming it becomes law, will be effective as of January 1, 2020. Click the link below to view the full commentary from Kelley Galica Peck, principal at Cummings & Lockwood LLC in West Hartford.
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