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.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 73 - Arkansas Trust Code
Subchapter 8 - Duties and Powers of Trustee
§ 28-73-801. Duty to administer trust
§ 28-73-804. Prudent administration
§ 28-73-805. Costs of administration
§ 28-73-807. Delegation by trustee
§ 28-73-808. Powers to direct. [Repealed effective January 1, 2020.]
§ 28-73-809. Control and protection of trust property
§ 28-73-810. Recordkeeping and identification of trust property
§ 28-73-811. Enforcement and defense of claims
§ 28-73-812. Collecting trust property
§ 28-73-813. Duty to inform and report
§ 28-73-814. Discretionary powers — Tax savings
§ 28-73-815. General powers of trustee