Trusts 

New Mexico Statutes > Chapter 45 > Article 7 > § 45-7-605 - Duties at inception of trusteeship

Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements and other circumstances of the trust, and with the requirements of the Uniform Prudent Investor Act [45-7-601 NMSA 1978].

Previous section	Article 7 Table of Contents	Next section

________________________________________________________________________

Questions & Answers: Trusts

I need a form for La. inter vivos trusts...

What do you do when you can't get a short form from the register of wills because you have a felony?...

need a attorney asap have alot of statues broken...

Harry, What exactly are you trying to do? File an existing will for probate? Steve Daily LawServer.com...

I am the named Trustee of my Sister's Revocable Living Trust. She passed away. The Trust is simple as nothing is in it except the house and a small life insurance policy. Am I o...

Lisa, I am sorry for your loss. Nothing legally requires someone to retain an attorney in order to fulfill the duties of a trustee. Especially if the trust is large or complex, ho...

New Mexico Laws: Trusts

New Mexico Statutes Chapter 45 > Article 7 - Trust Administration

New Mexico Statutes Chapter 46A - Uniform Trust Code

Related Articles: Trusts

Trusts

Comments (0)