California's adoption of the UPIA imposes on trustees the
duty to invest and manage trust assets as would a prudent investor. Trustee are
required to diversify trust investments, but may invest for total return
following a modern portfolio theory. In this Analysis, Margaret M. Hand
A trustee's duty extends beyond liability for breach of a
fiduciary duty. One of the trustee's primary responsibilities is to provide
information and account to the trust's beneficiaries. Discharging this duty to
account benefits the trustee as well as the beneficiaries. The Probate Code...