Money the Law: State requires trustees to act prudently in trust beneficiaries' best interests
Jan 04, 2025
Recently (it was probably a bad weather day), I found myself leafing through parts of the Colorado Revised Statutes dealing with fiduciaries. I came upon a statute called the Uniform Prudent Investor Act (C.R.S. 15-1.1-101), which I found interesting.
https://gazette.com/business/money-the-law-state-requires-trustees-to-act-prudently-in-trust-beneficiaries-best-interests/article_f94caf0a-c701-11ef-8162-cfff8674f9ab.html
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