Ky. Rev. Stat. § 386B.8-040

Current through Acts Received April 24, 2024
Section 386B.8-040 - Prudent administration

A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

KRS 386B.8-040

Added by 2014 Ky. Acts ch. 25,§ 63, eff. 7/15/2014.