California Codes

Cal. Probate Code § 16050 (2026)

✓ current as of May 2026

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In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, overall investment strategy, purposes, and other circumstances of the trust.

Notes of Decisions

Cited in 1 case, 2019–2019 · leading case: Lindie Banks v. N. Trust Corp., 929 F.3d 1046 (9th Cir. 2019).

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Lindie Banks v. N. Trust Corp., 929 F.3d 1046 (9th Cir. 2019). “See Cal. Prob. Code § 16050 . Trustees are under a continuing duty to account for dealings with trust property and to provide those accountings to the beneficiaries on demand.”

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