The trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries, notwithstanding the breadth of discretion granted to a trustee by the terms of the trust, including the use of such terms as "absolute," "sole" or "uncontrolled."
20 Pa.C.S. § 7780.4
Discretionary powers
Known as the Probate, Estates and Fiduciaries Code
The act spans §§ 20–20 (744 sections).
(July 15, 2024, P.L.786, No.64, eff. 90 days)
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.