California Probate Code 16050 – In investing and managing trust assets, a trustee may only incur …
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In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment strategy, purposes, and other circumstances of the trust.
(Added by Stats. 1995, Ch. 63, Sec. 6. Effective January 1, 1996.)
Terms Used In California Probate Code 16050
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trust: includes the following:
California Probate Code 82