Kansas Statutes 58-24a07. Investment costs
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-24a07
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
- fiduciary: means a personal representative or a trustee. See Kansas Statutes 58-24a01
In investing and managing trust assets, a fiduciary may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust and the skills of the fiduciary.