Archive for October 2019

Duty re Liquidity or “What’s the Game Plan?”

Statutory Considerations: Section 2(c)(7) of the Uniform Prudent Investor Act directs that, “Among circumstances that a trustee shall consider in investing and managing trust assets are… needs for liquidity, regularity of income, and preservation or appreciation of capital.” A prudent trustee understands that there will be periods when the portfolio does not accomplish the established return objectives, though the…

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