Minnesota Statutes

Minn. Stat. § 501C.0804 (2026)

Prudent Administration

✓ current as of May 2026

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A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, and distribution requirements of the trust and all relevant circumstances. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

Notes of Decisions

Cited in 2 cases (2 in the last 5 years), 2024–2026 · leading case: In the Matter of the Leonard E. Erlandson & Marion L. Erlandson Irrevocable Trust (Minn. Ct. App. 2024).

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In the Matter of the Leonard E. Erlandson & Marion L. Erlandson Irrevocable Trust (Minn. Ct. App. 2024). · cites it 2× “Minn. Stat. § 501C.0804 (2022). “Taking 17 the advice of legal counsel on such matters evidences prudence on the part of the trustee.”

In RE: The Matter of the Irrevocable Trust of Myron E. Childs, dated November 2, 2000 (Minn. Ct. App. 2026). · cites it 2× “” Minn. Stat. § 501C.0804 (2024); see In re Trs.”

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