Pennsylvania § 7780.12 - Definitions - UDTA 2.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7780.12 — Definitions - UDTA 2., with citation guidance and answers to common questions.
§ 7780.12. Definitions - UDTA 2.
The following words and phrases when used in this subchapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Directed trust." A trust for which the terms of the trust grant a power of direction.
"Directed trustee." A trustee that is subject to a trust director's power of direction.
"Power of direction." As follows:
(1) A power over a trust granted to a person by the terms of the trust to the extent the power is exercisable while the person is not serving as a trustee.
(2) The term includes a power over the investment, management or distribution of trust property or other matters of trust administration and, in the case of a trust protector, may include powers to modify the terms of the trust.
(3) A power of direction includes incidental powers that are appropriate and necessary to the exercise or nonexercise of the power of direction. The rules specified in this subchapter govern the exercise of such incidental powers.
"Trust director." As follows:
(1) A person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee.
(2) A beneficiary or settlor of a trust may serve as a trust director of the trust.
"Trust protector." A trust director authorized by the terms of a trust to modify one or more terms of the trust.
"Willful misconduct." As follows:
(1) Intentional conduct that is malicious, designed to defraud or unconscionable.
(2) Mere negligence, gross negligence and recklessness do not constitute "willful misconduct."
Frequently Asked Questions About Pennsylvania § 7780.12
What does Pennsylvania Consolidated Statutes § 7780.12 cover?
Section 7780.12 ("Definitions - UDTA 2.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 7780.12?
A common citation format is "Pennsylvania Consolidated Statutes § 7780.12" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7780.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.