Gerry Beyer reports, on his Wills Trusts & Estates Prof Blog, that the Uniform Voidable Transactions Act (UVTA) was adopted July 16, 2014 by the Uniform Law Commission, and amended the 1984 Uniform Fraudulent Transfer Act (UFTA). The UVTA added a Conflict of Laws section to the act to account for states not adopting the uniform code, variations in enactment by states, and when foreign parties are involved.

To read more, see Wills, Trusts & Estates Prof Blog.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.