Tennessee Code 35-14-109 – Investment costs
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 35-14-109
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trust: means any fiduciary relationship created by a governing instrument. See Tennessee Code 35-14-102
- Trustee: A person or institution holding and administering property in trust.
- Trustee: means any fiduciary as defined in §. See Tennessee Code 35-14-102
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.