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.
Vt. Stat. Ann. tit. 14A, § 804
Prudent administration
Known as the Vermont Trust Code
The act spans §§ 14–14 (107 sections).
Added 2009, No. 20, § 1.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.