The Law of Trustee Investments

    By Christopher P Cline

    The Law of Trustee Investments

    The Law of Trustee Investments

    By Christopher P Cline

    This book takes a very practical approach to the question that should be asked by every trustee, especially non-professional trustees: How do I fulfill my fiduciary duties to the trust beneficiaries (and thereby avoid liability for failure to do so) in determining how to invest the trust assets?
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    The book begins with an in-depth introduction to investment basics, examines such issues as the law of diversification and the prudent investor act standard, explores how to determine breach and damages, and explains the effects of principal and income acts on investing. 

    The book concludes by addressing the drafting of an investment plan by the trustee, a key topic because under the UPIA a fiduciary is judged not on his or her actual investment performance, but rather on the appropriateness of the investment plan. This chapter provides practical guidelines for newly-appointed trustees on how to develop such a plan, including specific comments directed to life insurance trusts, where a life insurance policy is usually the primary investment. Appendices offer sample trust investment language and an investment plan flow chart.

    Product Details

    Authors

    Christopher P Cline

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781604423563

    Page Count

    130

    Product Code

    5430479

    Trim Size

    7 x 10 Paperback

    Publication Date

    4/9/2009 12:00:00 AM

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