Utah Code 75A-5-104. Governing law
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(1) Except as otherwise provided in the terms of a trust or this chapter, this chapter applies when this state is:
Terms Used In Utah Code 75A-5-104
- Estate: includes the property of the decedent as the estate is originally constituted and the property of the estate as it exists at any time during administration. See Utah Code 75A-5-102
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Principal: means property held in trust for distribution to, production of income for, or use by a current or successor beneficiary. See Utah Code 75A-5-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Trust: includes :(23)(a)(i) an express trust, private or charitable, with additions to the trust, wherever and however created; and(23)(a)(ii) a trust created or determined by judgment or decree under which the trust is to be administered in the manner of an express trust. See Utah Code 75A-5-102(1)(a) the principal place of administration of a trust or estate; or(1)(b) the situs of property that is not held in a trust or estate and is subject to a life estate or other term interest described in Subsection
75A-5-103 (2).
(2) By accepting the trusteeship of a trust having the trust’s principal place of administration in this state or by moving the principal place of administration of a trust to this state, the trustee submits to the application of this chapter to any matter within the scope of this chapter involving the trust.