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 cauti on. Effective: July 15, 2014 History: Created 2014 Ky. Acts ch. 25, sec. 63, effective July 15, 2014.
Kentucky Legal Code