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.
Wis. Stat. § 701.0804
Prudent administration
Known as the Wisconsin Trust Code
The act spans §§ 701.0101–701.1205 (108 sections).
2013 a. 92.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.