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.
Conn. Gen. Stat. § 45a-499ddd
Prudent administration
(P.A. 19-137, S. 56.) History: P.A. 19-137 effective January 1, 2020.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.