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
BY: FARHAD AGHDAMI & JEFFREY D. CHADWICK
On April 4, 2012, Governor McDonnell signed Senate Bill 110 into law, which allows trustees to exercise the power to distribute trust income or principal to or for the benefit of a beneficiary by distributing the assets to a new trust. The act of distributing...