Legal Definitions - UPC

UPC

UPC stands for Uniform Probate Code. It is a set of laws that govern the process of distributing a person's assets after they die.

For example, if someone dies without a will, the UPC provides guidelines for how their assets should be distributed among their heirs. The UPC also outlines the process for appointing an executor or personal representative to handle the deceased person's affairs.

Another example is that the UPC allows for the creation of a living trust, which is a legal document that allows a person to transfer their assets to a trust while they are still alive. This can help to avoid probate, which can be a lengthy and expensive process.

The examples illustrate how the UPC provides a framework for handling a person's assets after they die. Whether someone has a will or not, the UPC provides guidelines for how their assets should be distributed. Additionally, the UPC allows for the creation of a living trust, which can be a useful tool for avoiding probate.