What is a trustee's duty to invest and manage trust assets as a prudent investor?
California, United States of America
The following excerpt is from Strojan v. Strojan, C086485, C088137 (Cal. App. 2020):
[citation] and 'invest and manage trust assets as a prudent investor would . . . .' [Citation.] In brief, the trustee's fundamental duty is to use due care to protect the trust property." (Moeller v. Superior Court (1997) 16 Cal.4th 1124, 1132; see 16040.)
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