The trustee’s duty to diversify or “Too much of a good thing?”

By Josh Yager | March 10, 2021 |

Statutory Consideration: Section 2(c)(5) of the Uniform Prudent Investor Act directs, “A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.” In response to this duty, a prudent trustee will adopt a policy Diversification Overview: “There…

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