Duty of Prudent Administration

Missouri law provides that a trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.  The duty of prudent administration requires that the trustee exercise “reasonable care, skill and caution” while serving as a trustee.  Although many trust documents state that the trustee does not need to follow the prudent investors rules as set forth in Section 469.908 RSMO, if there is a dispute as to whether a trustee breached the Duty of Prudent Administration, courts tend to look at the same factors as they would look at to see if the prudent investor rules where required.

Our attorneys offer a Complimentary Consultation to learn about your specific circumstances, answer your questions and provide you with a recommended action plan for your specific needs.  There is no obligation and no cost.
SCHEDULE CONSULTATION
 

Request A Consultation

Want to schedule a time to speak with an attorney? Great, we would love to meet you.

Request an Appointment

Follow Us

We invite you to follow us on social media:

 

icon facebook


icon linkedin


icon youtube

Office Location

Gregory E. Robinson, P.C.
670 Mason Ridge Center Drive
Suite 125
St. Louis, MO 63141
TEL: 636-532-9500

Disclaimer

The choice of a lawyer is an important decision and should not be based solely on advertisements. Neither the Supreme Court of Missouri nor The Missouri Bar reviews or approves certifying organizations or specialist designations.

The information presented in this website by Gregory E. Robinson, P.C. is intended as general information and is not legal advice. You should contact an attorney to learn how the law applies to your specific situation. We welcome your phone calls as well as electronic inquiries.

Use of this web site, communicating through this web site or use of electronic email does not create an attorney-client relationship. Email is not a secure form of communication, please do not send confidential or sensitive information.

The information in this web site is not guaranteed to be correct, complete, or current. We make no warranty, expressed or implied, about the accuracy or reliability of the information at this website or at any other website to which this site is linked.

Images on the site include simulated portrayals of lawyers, clients, scenes and events.

The copyrights in all text, images, screens and other materials provided on this Site are owned by Gregory E. Robinson, P.C., and/or by third parties.