A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1174, § 1, effective January 1, 2019.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 5 - Colorado Uniform Trust Code
Part 8 - Duties and Powers of Trustee
§ 15-5-801. Duty to Administer Trust
§ 15-5-804. Prudent Administration
§ 15-5-805. Costs of Administration
§ 15-5-807. Delegation by Trustee
§ 15-5-809. Control and Protection of Trust Property
§ 15-5-810. Record Keeping and Identification of Trust Property
§ 15-5-811. Enforcement and Defense of Claims
§ 15-5-812. Collecting Trust Property
§ 15-5-813. Duty to Inform and Report
§ 15-5-814. Discretionary Powers - Tax Savings
§ 15-5-815. General Powers of Trustee
§ 15-5-816. Specific Powers of Trustee