Legal Duties of the California Trustee
Duty to Administer the Trust According to the Trust Instrument and the Trust Law
Probate Code § 16000
Duty to Administer the Trust Solely in the Interest of the Beneficiaries
Probate Code § 16002
Duty to Deal Impartially with Beneficiaries, While Taking Their Differing Interests Into Account
Probate Code § 16003
Duty of Loyalty to the Trust and the Beneficiaries
Probate Code § 16004
Duty to Eliminate Conflicts of Interest
Probate Code § 16005
Duty to Preserve Trust Property
Probate Code § 16006
Duty to Make Trust Property Productive
Probate Code § 16007
Duty to Keep Trust Property Separate From Other Property
Probate Code § 16009
Duty to Keep Trust Property Designated as Trust Property
Probate Code § 16009
Duty to Enforce Claims of the Trust
Probate Code § 16010
Duty to Defend Actions That May Result in a Loss to the Trust
Probate Code § 16011
Duty to Personally Perform Actions of Trustee
Probate Code § 16012(a)
Duty to Supervise Agents of Trustee
Probate Code § 16012(b)
Duty of Each Co-Trustee to Participate in the Administration
Probate Code § 16013
Duty to Apply the Full Extent of the Trustee’s Skills
Probate Code § 16014
Duty to Keep Beneficiaries Reasonably Informed of the Trust and its Administration
Probate Code § 16060
Duty to Provide the Terms of an Irrevocable Trust to a Beneficiary Upon Their Request
Probate Code § 16060.7
Duty to Report Administration Information Relevant to a Beneficiary Upon Their Request
Probate Code § 16061
Duty to Provide the Terms of an Irrevocable Trust Upon the Request of Any Heir of the Deceased
Probate Code § 16061.5
Duty to Provide Notice That a Trust Has Become Irrevocable
Probate Code § 16061.7(a)(1)
Duty to Provide Notice of Change of Trustee of an Irrevocable Trust
Probate Code § 16061.7(a)(2)
Duty to Warn Beneficiaries and Heirs
Probate Code § 16061.7(h)
Duty to Account to Each Beneficiary
Probate Code § 16062
Duty to Exercise Discretionary Powers Reasonably
Probate Code § 16080
Duty to Act in Accordance with Fiduciary Principles When Granted “Absolute”, “Sole”, or “Uncontrolled” Discretion
Probate Code § 16081(a)
Duty to Comply With the “Prudent Investor Rule”
Probate Code § 16046
“The Prudent Investor Rule”: A Trustee Shall Exercise Reasonable Care, Skill, and Caution When Investing and Managing Trust Assets as a Reasonably Prudent Investor Would, By Considering the Purposes, Terms, Distribution Requirements, and Other Circumstances of the Trust
Probate Code § 16047(a)
Duty to Abide by the “Trustee’s Standard of Care”
Probate Code § 16040
“The Trustee’s Standard of Care”: The Trustee Shall Administer the Trust With Reasonable Care, Skill, and Caution Under the Circumstances Then Prevailing That a Prudent Person Acting In a Like Capacity Would Use In the Conduct of an Enterprise of Like Character and With Like Aims to Accomplish the Purposes of the Trust As Determined From the Trust Instrument
Probate Code § 16040(a)
