Duty of Prudence

Question 1

Duty of prudence

Answer 1

These duties range from administrative duties, such as earmarking the trust property and recordkeeping, to more substantive duties, such as distributing assets to the beneficiaries and investing those assets

Question 2

UTC 804 Prudent Administration

A trustee shall administer the trust as a prudent person would by considering

Answer 2

the purposes, terms, distributional requirements, and other circumstances of the trust