(a) A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust.
(b) In satisfying the standard described in subsection (a) of this section, the trustee shall exercise reasonable care, skill, and caution.
Structure Maryland Statutes
Title 14.5 - Maryland Trust Act
Subtitle 8 - Duties and Powers of Trustee
Section 14.5-801 - Administration in General
Section 14.5-802 - Conflict Between Fiduciary and Personal Interests of Trustee
Section 14.5-803 - Two or More Beneficiaries
Section 14.5-804 - Standard for Administration
Section 14.5-805 - Incursion of Allowable Costs
Section 14.5-806 - Trustee With Special Skills or Expertise
Section 14.5-807 - Delegation of Duties and Powers
Section 14.5-808 - Actions Contrary to Trust Terms; Advisers and Fiduciaries
Section 14.5-809 - Control and Protection of Trust Property; Exception
Section 14.5-810 - Records; Keeping Property Separate
Section 14.5-811 - Enforcement, Defense, Abandonment or Assignment of Claims Against Trust
Section 14.5-812 - Breach of Trust
Section 14.5-813 - Duties in General
Section 14.5-814 - Prohibited Powers
Section 14.5-815 - Powers of Trustee Without Authorization of Court
Section 14.5-816 - Powers of Trustee in General
Section 14.5-817 - Distribution on Termination or Partial Termination of Trust