Utah Code Title 22. Fiduciaries and Trusts § 22-3-307. Applicable value

(a) the frequency of valuing the asset, which need not require a valuation in every period;  and

(b) the date for valuing the asset in each period that the asset is valued.

(a) obtaining an appraisal of an asset for which fair market value is not readily available;

(b) exclusion of specific assets or groups or types of assets;

(c) other exceptions or modifications of the treatment of specific assets or groups or types of assets;

(d) identification and treatment of cash or property held for distribution;

(e) use of:

(f) a limit on how much the applicable value of all assets, groups of assets, or individual assets may increase over:

(g) a limit on how much the applicable value of all assets, groups of assets, or individual assets may decrease below:

(h) the treatment of accrued income and other features of an asset that affect value;  and

(i) determining the liabilities of the trust, including treatment of liabilities to conform with the treatment of assets under Subsections (2)(a) through (h).