What is the Arizona Trust Code?

The Arizona Trust Code, commonly referred to as the ATC, was enacted on January 1, 2009. It is a comprehensive set of laws applicable to trusts created and administered in Arizona.  Among the many items relating to trusts covered by the ATC are the following:

  • A trustee’s duty to furnish information and reports to trust beneficiaries
  • The legal effect of spendthrift and creditor protection clauses in trust documents
  • Extending the Arizona Rule Against Perpetuities from 90 years to 500 years
  • Specifying which state laws are applicable to administering a trust
  • Providing remedies and damages for wrongdoings by trustees
  • Eliminating the need for creators of a trust to provide complete copies (or extensive portions) of their trust to third parties