(UTC 804) 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.
Neb. Rev. Stat. § 30-3869
(UTC 804) Prudent administration
Applied in 2 court decisions — leading case In Re Estate of Hedke (2009)
Most recently applied in In re Appropriation A-7603 (August 2015)
Laws 2003, LB 130, § 69.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.