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.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 36. Trust Administration
Article 4. Alaska Uniform Prudent Investor Act.
Sec. 13.36.225. Prudent investor rule.
Sec. 13.36.230. Standard of care; portfolio strategy; risk and return objectives.
Sec. 13.36.235. Diversification.
Sec. 13.36.240. Duties at inception of trusteeship.
Sec. 13.36.260. Investment costs.
Sec. 13.36.265. Reviewing compliance.
Sec. 13.36.270. Delegation of investment and management functions.
Sec. 13.36.273. Trustee duties relating to insurance.
Sec. 13.36.275. Language invoking standard of AS 13.36.225 - 13.36.290.