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.
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
Uniform Law: This section is based upon § 804 of the Uniform Trust Code.
Structure District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 13 - Uniform Trust Code
Subchapter VIII - Duties and Powers of Trustee
§ 19–1308.01. Duty to administer trust
§ 19–1308.04. Prudent administration
§ 19–1308.05. Costs of administration
§ 19–1308.06. Trustee’s skills
§ 19–1308.07. Delegation by trustee
§ 19–1308.08. Powers to direct
§ 19–1308.09. Control and protection of trust property
§ 19–1308.10. Recordkeeping and identification of trust property
§ 19–1308.11. Enforcement and defense of claims
§ 19–1308.12. Collecting trust property
§ 19–1308.13. Duty to inform and report
§ 19–1308.14. Discretionary powers; tax savings
§ 19–1308.15. General powers of trustee