20 Pa. Cons. Stat. § 7774
Prudent administration - UTC 804.
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§ 7774. Prudent administration - UTC 804.
A trustee shall administer the trust as a prudent person would, by considering the purposes, provisions, distributional requirements and other circumstances of the trust and by exercising reasonable care, skill and caution.
Notes of Decisions
Cited in 5
cases (2 in the last 5 years), 2017–2023 · leading case: Pennsylvania Environmental Defense Foundation v. Commonwealth
Pennsylvania Environmental Defense Foundation v. Commonwealth (2017)
“” 20 Pa.C.S. § 7774. In furtherance of this duty, the trustee “shall keep adequate records of the administration of the trust” and "shall keep trust property separate from the trustee’s own property.”
Pennsylvania Environmental Defense Foundation v. Commonwealth (2017)
“” 20 Pa.C.S. § 7774. In furtherance of this duty, the trustee “shall keep adequate records of the administration of the trust” and "shall keep trust property separate from the trustee’s own property.”
PA Enviro Defense Fdn, Aplt. v. Commonwealth (2022)
“” 20 Pa.C.S. § 7774. [J-82-2021] - 16 are indisputably in furtherance of the purposes of the Section 27 trust.”
PA Env. Defense Fdn., Aplt. v. Gov. Wolf (2017)
“” 20 Pa.C.S. § 7774. In furtherance of this duty, the trustee “shall keep adequate records of the administration of the trust” and “shall keep trust property separate from the trustee's own property.”
Martin, C. v. Paul, S. and Martin, C. (2023)
“” 20 Pa.C.S. § 7774. Furthermore, a trustee must “take reasonable steps to take control of and protect the trust property.”
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