A. A trustee, without authorization by the court, may exercise:
1. Powers conferred by the terms of the trust; and 2. Except as limited by the terms of the trust:
a. all powers over the trust property which an unmarried competent owner has over individually owned property, b. any other powers appropriate to achieve the proper investment, management, and distribution of the trust property, and c. any other powers conferred by this act. B. The exercise of a power is subject to the fiduciary duties prescribed by this article.