Abstract
I. Introduction . . . . . 313
II. General Applicability to Trusts Created before January 1, 2005 . . . . . 317
A. Scope of Retroactive Application . . . . . 317
B. Constitutional Limitations . . . . . 318
C. Evolution of UTC Section 1106 and Its Comment . . . . . 324
D. Administrative Provisions . . . . . 327
III. Judicial Proceedings . . . . . 329
IV. Rules of Construction and Presumptions . . . . . 330
A. Clear Indication of a Contrary Intent . . . . . 330
B. Rules of Construction . . . . . 334
1. Scope of “Rules of Construction” . . . . . 334
2. Constitutional Limitations . . . . . 337
C. Presumptions . . . . . 338
1. Scope of Presumptions . . . . . 338
2. Constitutional Limitations . . . . . 340
V. Act Done Before the Effective Date . . . . . 340
VI. Statutes of Limitations . . . . . 341
VII. Substantive Trust Rules Warranting Special
Consideration . . . . . 343
A. Claims of Certain Judgment Creditors Against Spendthrift and Discretionary Trusts . . . . . 343
B. Nonjudicial Settlements . . . . . 345
C. Modification or Termination of a Noncharitable Irrevocable Trust by Consent . . . . . 349
D. Modification or Termination Because of Unanticipated Circumstances . . . . . 352
E . Cy Pres . . . . . 355
F. Discretionary Distributions of a Trustee-Beneficiary . . . . . 356
VIII. Nebraska Constitutional Equity Jurisdiction . . . . . 359
IX. Nebraska Supreme Court Jurisdiction of Constitutional Issues . . . . . 361
X . Conclusion . . . . . 363
Recommended Citation
John M. Gradwohl and William H. Lyons,
Constitutional and Other Issues in the Application of the Nebraska Uniform Trust Code to Preexisting Trusts,
82 Neb. L. Rev.
(2003)
Available at: https://digitalcommons.unl.edu/nlr/vol82/iss2/3