Except as otherwise provided by the terms of the trust, the trustee shall observe the standards in dealing with the trust assets that would be observed by a prudent man dealing with the property of another, and if the trustee has special skills or is named trustee on the basis of representations of special skills or expertise, he is under a duty to use those skills.
Idaho Code § 15-7-302
Trustee’s standard of care and performance
Applied in 2 court decisions — leading case Taylor v. Maile (2005)
Most recently applied in DJS Properties, L.P. v. Simplot (September 2008)
I.C., § 15-7 -302, as added by 1971, ch. 111, § 1, p. 233.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.