A fiduciary, in the exercise of reasonable care, skill and caution, may retain any asset received in kind, even though the asset constitutes a disproportionally large share of the portfolio.
20 Pa.C.S. § 7205
Retention of inception assets
Known as the Probate, Estates and Fiduciaries Code
The act spans §§ 20–20 (744 sections).
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.