In investing and managing trust assets, a trustee shall incur only costs that are appropriate and reasonable in relation to the assets, the purpose of the trust, and the skills of the trustee.
Mass. Gen. Laws ch. 203C, § 8
Costs incurred
Known as the Massachusetts Prudent Investor Act
The act spans §§ 203C-1 to 203C-9 (11 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.