Assertion: trust's trustee | /r/CapableOf | manage trust assets
Facets:
value: as a "prudent investor"
type: MANNER
value: for the benefit of the beneficiary
type: PURPOSE
value: without the knowledge of the beneficiaries
type: MANNER
value: lawfully
type: MANNER
Source sentences:
text: A “trustee” is the person who manages trust assets.
text: A trustee is the person who controls trust assets and distributes these assets or earnings to the beneficiaries.
text: The law of trusts is voluminous and often complicated, but generally it is concerned with whether a trust has been created, whether it is a public or private trust, whether it is legal, and whether the trustee has lawfully managed the trust and trust property.
text: The trustee manages the trust property for the benefit of the beneficiary.
text: The trustee manages the trust's assets and determines how distributions are made to beneficiaries unless the trust formation documents already set these terms.﻿﻿
text: This trust provides for the trustees to handle the assets of the trust without the knowledge of the beneficiaries.
text: The Uniform Trust Code presumes that trustees will be held to the same standard as that adopted by the Uniform Law Commissioners in the Prudent Investor Act [UPIA]. A trustee must invest and manage trust assets as a "prudent investor" would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust.