The Importance of the Uniform Prudent Investor Act
Submitted by Ferguson Financial Inc. on January 31st, 2018
What is it, and why does it matter to trustors, trustees, and beneficiaries?
Provided by Greg Ferguson
In the 1990s, the Uniform Prudent Investor Act (UPIA) established primary legal and financial responsibilities for trustees, based on principles of judiciousness, trustworthiness, and objectivity. Any trustee should be prepared to be held to its standards.1