Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 14. Trusts, Estates and Protective Proceedings |
Chapter 11. ARIZONA TRUST CODE |
Article 8. Duties and Powers of Trustee and Trust Protector |
Sec 14-10804. Prudent administration
Latest version.
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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.