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.
Haw. Rev. Stat. § 554D-804
Prudent administration
Known as the Uniform Trust Code
The act spans §§ 554–554 (99 sections).
L 2021, c 32, pt of §2
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.