A trustee shall administer, invest, and manage the trust and distribute the trust property 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.
N.H. Rev. Stat. Ann. § 564-B:8-804
Prudent Administration
Known as the New Hampshire Trust Code
The act spans §§ 564-B:10-1001 to 564-B:9-907 (130 sections).
Source. 2004, 130:1. 2005, 270:22, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.